When you have mounting debts with no prospect of paying them off, applying for bankruptcy could be an effective way to treat the situation and provide you with an opportunity to have a fresh start.
Personal bankruptcy will clear your personal unsecured debts, but in doing so it will stay on your Credit History for six years, which will have an impact on your future borrowing during that timeframe. An alternative type of insolvency is an IVA, which might be best suited if you have equity to protect, or a profession which is excluded from bankruptcy.
If bankruptcy certainly is the solution you're looking for, then the appropriate documentation will eventually be filed at your local County Court.
For those living within Wrexham
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.