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BankruptcyBankruptcy If you are considering bankruptcy please be aware that it may not be your only option. Bankruptcy is a very ruthless way to solve your debt problem and there may be alternative debt solutions that suit your needs better. To avoid bankruptcy call now for free and confidential advice on 0800 583 20 20 or complete our online bankruptcy advice enquiry form. Reasons not to consider bankruptcy. 1. In Bankruptcy any assets you own of any reasonable value will pass in to the hands of the official receiver who will then dispose of them, to realise funds to pay your creditors. This can mean your house and car. 2. By law your Bankruptcy will have to be advertised, this will happen in the local press where you live and also the London Gazette. 3. Being made or declaring your own bankruptcy may affect your employment. 4. Once discharged from bankruptcy it may be difficult to obtain future credit including mortgages. 5. Being made bankrupt means that you can no longer act as a company director. 6. As part of the bankruptcy order you may be required to make a monthly contribution as well as loosing your assets. This contribution would be payable for three years. 7. If you have been declared bankrupt before the term of your bankruptcy may be increased from anywhere between five and fifteen years. 8. you will no longer be able to maintain your bank account which may then prove difficult for you to receive any income such as salary or any benefit. Call one of our specialist bankruptcy advisers now for free confidential advice and to find alternative options available to you on 0800 583 20 20 Or complete our online bankruptcy enquiry form below: The call is free, the advice is free and we can assist you in becoming debt free. |
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