Clear your Debts5311299

If your debt is becoming unmanageable then insolvency is an effective option immediately freeing you from debt and offering the opportunity to you to have a new start. Following bankruptcy creditors are not allowed to make contact with you for any previous debts as they are no longer your obligation. There isn't any risk of bailiff action either.

By seeking help in preparing for bankruptcy you will have peace of mind that the procedure will go smoothly with no sudden surprises. Once declared bankrupt you will be subjected to certain bankruptcy restrictions. You will never be able to obtain credit over 500 without telling the lender that you are bankrupt. Realistically, you will have problems getting any credit during the 12 months that you are bankrupt, but once discharged it will become increasingly easier and a discharged bankrupt will still be able to have a mortgage in the future.

You are instantly free from debt and will not lead to any of your pre-existing debts. It is a fresh start for you and your family to start again and build yourself up from the place of strength. You are instantly safeguarded from all current creditors who form a part of the bankruptcy. File for bankruptcy

Once you are discharged from bankruptcy (generally after 12 months, but sometimes earlier) you should be able to rebuild your credit file.