Clear your Debt9087169

If you haven't got any assets to guard like a house, savings or an expensive car (over 2500) and if your vocation is not influenced, then insolvency may be more appropriate for you than an IVA. Following bankruptcy creditors are not permitted to contact you for any previous debts because they are no longer your responsibility. There is no threat of bailiff action either.

If your mounting debts are unmanageable and you can't see a realistic prospect of clearing these debts in the expected future, then filing for the protection of a Bankruptcy Order could be the solution for you. It could be that bankruptcy is the most suitable debt option for you if your debt is becoming unmanageable and you can't keep up your monthly repayments. You might of been informed that bankruptcy should be considered as a last resort, and that you should attempt an IVA (Individual Voluntary Arrangement), IPP (Informal Payment Plan) or DMP (Debt Management Plan) first, yet this is not always suitable. What is right for you depends entirely on your circumstances as these are all solutions to exactly the same difficulty, but tackled differently.

You are instantly free from debt and will not lead to many pre-existing debts. This is a fresh start for you and your family to start again and build yourself up from a place of power. You are immediately safeguarded from all current creditors who form part of your bankruptcy. UK Debt Help

Once your Debtor's Request and Statement of Affairs are complete you can attend your local County Court and present the paperwork. Depending on the court you might need to book an appointment ahead of time, and they typically need three copies of the paperwork.