When you have mounting debts with no prospect of paying them off, declaring bankruptcy is often an efficient way to treat the problem and give you a chance to have a fresh start.
Personal bankruptcy will clear all of your current unsecured debts, but in doing so it will stay on your Credit History for six years, which will hinder your future borrowing during that timeframe. An alternative type of insolvency is an IVA, which might be ideal for people who have equity to protect, or a job which is excluded from bankruptcy.
If bankruptcy is the answer you're looking for, then the necessary documentation will eventually be submitted to 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.