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Personal Bankruptcy in the UKPersonal Bankruptcy in the UK Personal bankruptcy in the UK happens when an individual is no longer able to pay their debts. Bankruptcy is a procedure that allows you to write off the debt you have incurred, however should you own any assets including a house then these can be taken from you and used to pay your creditors. In bankruptcy depending on your individual circumstances you may be required by the court to make a monthly payment towards repaying your debts also. For free and confidential bankruptcy advice in the UK please call now for free on 0800 583 20 20 or complete our personal bankruptcy form online. Unlike other methods of dealing with your debts your bankruptcy would become public knowledge with your name and details appearing in your local newspaper and also the London gazette. What many people do not realise is that there are alternative solutions to bankruptcy which may be more suitable to them. An IVA for example is a piece of government legislation that allows you to maintain control of your assets and make a monthly payment to your creditors for 60 months in satisfaction of your debt, using this method you can write off up to 75% of your debt and the payment level is set according to what you can afford. For free, confidential and impartial advice on personal bankruptcy in the UK call now on
0800 58 20 20 or complete our personal bankruptcy in the UK Enquiry Form Below: |
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