When you have mounting debts with no prospect of paying them off, applying for bankruptcy could be an efficient way to remedy the situation and give you an opportunity to have a fresh start.
Bankruptcy will clear all of your unsecured debts, but in doing so it is going to stay on your Credit History for 6 years, which will have an effect on your future borrowing during that timeframe. Another form of insolvency is an IVA, which often can be ideal should you have equity to protect, or a job which is excluded from bankruptcy.
If personal bankruptcy is definitely the solution you're looking for, then the necessary paperwork will eventually be filed at your local County Court.
For those living within Truro
we have included the court details below. You only need to contact the court if you already have everything prepared, including your Statement of Affairs and Debtor's Petition, and you are ready to finalise the Bankruptcy Order.
To arrange a consultation you can complete this online form
, and an experienced Advisor will be in touch to assess your situation and advise you accordingly.