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BANKRPUTCY- |
Bankruptcy should be considered as a last resort, when you have no disposable income to pay your creditors. Whilst you are bankrupt any assets that you have might be used to pay off your debts. After a period of time all of your outstanding debts are written off and you can make a fresh start. Bankruptcy is a way of dealing with debts that one cannots pay. When you are declared bankrupt, assets owned by you might be used to pay off your debts. After one year all of your outstanding debts are written off and you can make a fresh start in your life.
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Filing your Own- |
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If you wish to make yourself bankrupt, you can obtain a form from your local county court offices paying a fee. If you are on a low income or certain benefits you may not have to pay the court fee.
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A Creditor making Bankrupt |
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A creditor making you bankrupt: A creditor can make you bankrupt if you owe £750 or more to that creditor and you have not been able to agree how to repay the debt. You can also be made bankrupt if your Individual Voluntary Arrangement (IVA) fails.
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For a professional advice on bankruptcy in the UK complete the application form.
Our bankruptcy advisors will negotiate to lower your repayments with your creditors on your behalf, leaving you hassle free and able to enjoy your life again.
- You will not be charged for an enquiry.
- You are under no obligation whatsoever.
- All your details will be strictly confidential.
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If the answer to any of these questions is YES...
- Feeling trapped by debt?
- Continually being harassed by creditors?
- Overdraft over the limit?
- Struggling to pay monthly bills?
- Stressed and arguing over debt?
- Unable to sleep at night?
- Can't concentrate by day?
Then you need to call Best Solution and speak to one of our highly trained, friendly advisors. We will tailor a solution to your exact needs. |
