Apply for Bankruptcy858042

If you haven't got any assets to protect like a home, savings or an expensive car (over 2500) and if your occupation is not affected, then bankruptcy may be more suitable for you than an IVA. Following bankruptcy creditors are not permitted to make contact with you for any previous debts because they are no longer your duty. There isn't any risk of bailiff action either.

If your mounting debts are unmanageable and you cannot see a reasonable prospect of clearing these debts in the expected future, then filing for the safety of a Bankruptcy Order might be the remedy for you. Once declared bankrupt you may be subjected to specific bankruptcy restrictions. You will not be able to get credit over 500 without informing the lender that you are bankrupt. Realistically, you will have problems obtaining any credit throughout the 12 months that you are bankrupt, but once discharged it will become increasingly simpler and a discharged bankrupt will still be able to have a mortgage in the future.

You are immediately free from debt and will not be responsible for many pre-existing debts. This is a new start for you and your family to start again and build yourself up from a position of power. You are instantly protected from all existing lenders who form section of the bankruptcy. File bankruptcy

Once your Debtor's Request and Statement of Affairs are complete you can attend your local County Court and present the paperwork. According to the court you might have to book an appointment in advance, and they generally need three copies of the paperwork.