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All debts cleared in 12 months.
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Is Bankruptcy My Only Option?
But, if all other options have been explored then it's better you take the bankruptcy plunge now rather than continuing to struggle to make payments. You would only be delaying what we hope to be the start of your financial rehabilitation.
What About My Home?
If you're a homeowner either solely or with a partner - we will look to see how bankruptcy could impact all parties.
What About My Business?
If you're a business owner or are self employed - it may be advantageous not to go bankrupt so avoiding restrictions that may impede you trading. We can explain how you may be better served by alternative options.
To apply for your own bankruptcy there are fees payable to the Insolvency Serivce.
These total £680 and comprise of a £130 adjudicator fee and a £550 Official Receiver’s fee.