When you have mounting debts with no prospect of paying them off, filing for bankruptcy is often an efficient way to treat the situation and give you an opportunity to have a fresh start.
Bankruptcy will clear your personal unsecured debts, but in doing so it's going to remain on your Credit History for six years, which can have an impact on your future borrowing during that timeframe. Another form of insolvency is an IVA, which might be ideal if you have equity to protect, or a profession which is excluded from personal bankruptcy.
If personal bankruptcy is the right choice for you, then the necessary paperwork 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.