Bankruptcy
If there is no alternative to claiming bankruptcy, we can offer advice and guidance to ease and simplify for you the difficult process of declaring yourself bankrupt or insolvent.
Let us take the pain out of claiming bankruptcy
If you are having overwhelming debt problems then claiming bankruptcy is the last resort. The consequences of bankruptcy are severe, and we will always try to find bankruptcy alternatives which will better suit you. If you think you need to claim, we will assess your situation and where possible, help you find better debt relief solutions.
Sometimes however, bankruptcy is the only option available. In this situation, we can help. We will initiate a Walk-Through-Bankruptcy with you, which takes the stress and complications out of bankruptcy, and leaves you better prepared for life after bankruptcy. We complete all the necessary forms and paperwork for you to sign and will attend court at the date of your hearing.
Consequences of Bankruptcy
- Your creditors will be silenced.
- Your debts will be written off.
- Your credit rating will be heavily affected.
- There is an associated cost with legal proceedings.
Obtaining a mortgage after bankruptcy will be very difficult if not impossible, for a number of years, due to the way in wich your credit rating will be affected. This can be improved and positively affected in time, but you should be aware that rebuilding credit after bankruptcy will take time.
If you absolutely require bankruptcy, we will help you take the pain out of your claim and guide you through. We will help you to find a less damaging solution to your debt problems wherever possible - you may qualify for example for an Individual Voluntary Agreement, or other bankruptcy alternative.
