Bankruptcy UK

Living in Republic of Ireland and want a UK bankruptcy

I live in rep of ireland and was self employed. Can I move and live in the uk and get rid of my debt there? We have answered this question before if you wish to scroll through previous answers, but the answer is yes you can. Provided it is clear that you have settled in England – set up a...read more →

joint leaseholder on pub 1 person going bankrupt

will the pub company take the lease back if only person is going bankrupt The best advice is to check the lease agreement for bankruptcy clauses. The lease is not the only issue here, as if there were assets involved – stock, furnishings, etc – these would become part of the bankrupt person’s estate and it might not be possible...read more →

I live in ROI and am considering bankruptcy in England

What is involved in becoming bankrupt in England if I live in the Republic of Ireland? Many people from the ROI are considering this, as the insolvency laws are so much more lenient in England and Wales i.e. 12 months as opposed to 12 years. There are, however, some points to consider and something called ‘Centre of Main Interests’ or...read more →

Bankruptcy in UK as a Norwegian

Will a bankruptcy in the UK be valid in Norway? If you were to declare bankruptcy in England or Wales with Norwegian debt, it will not be recognised in that country as there are no cross border agreements in place. Provided you remained in England or Wales after the bankruptcy, your Norwegian creditors would not be able to pursue you....read more →

Can I trade as a sole trader while bankrupt?

I was wondering: is it possible to set up a business eg. cafe as a sole trader while you are bankrupt or can you set that up before you apply for bankruptcy? and will you have to pay your creditors anything out of the income of the business? Many folks continue as self employed during bankruptcy,  but these are the...read more →

Made bankrupt and now worried about the house

I have just been made bankrupt but i co own a house and this is a family home, i hope my house will not be sold Everything will depend on whether there is equity in the house. If there is no equity, the Official Receiver will register an interest on the Land Registry and the property will not be affected...read more →

Free Bankruptcy Help – Free Bankruptcy Review – Is Bankruptcy Right For Me ?

Free Bankruptcy Help – Free Bankruptcy Review – Is Bankruptcy Right For Me ? Free Debt Help Support Network. Get a Financial Review today to establish your best option. Reduced Bankruptcy Fees, Means Tested. Call Richard 01425 600129. 24Hr nationwide support service. sean@bankruptcy.co.uk 07812 917002  

By Order of the Trustees Barry Near Cardiff Land with Planning Permission for 6x1Bed flats O.I.R.O £100k

By Order of the Trustees ‘Barry’ NR Cardiff PP for 6x1Bed flats £100k O.I.R.O Must be sold Cash Buyers only. Land with planning permission for 6×1 bed starter homes. Joint Venture available. Call 01425600129 (Sean).

Business Bankruptcy

If you are a director or sole trader  who is finding it difficult to get the information you need to apply for bankruptcy then call 08005977977 for a consultation All your questions will be answered and you will see a clear route ahead. Our lines are open and manned by experienced consultants who can assist with most questions and circumstances....read more →

Free Debt Help

If you are in need of free debt help when please read this featured post from Bankruptcy UK. When you first got that credit card it quickly started burning a hole in your back pocket and whilst each day you were buying something here, there and everywhere, you may have thought that nothing was going to go wrong. But eventually...read more →

Custom web hosting and email packages available from £10 per month

Custom web hosting and email packages available from £10 per month. We provide dedicated support as well as SEO and Web Development services. From redesigning an existing site, Word Press Conversions which include every type of functionality on your wish list. From simple design and SEO solutions to full on digital development on either an owned and self managed basis...read more →

Reclaim Mis Sold Business Loans Before Its Too Late

Small businesses have been ‘systematically exploited’ ‘say ‘The Daily Mail’ by bankers in a loan mis-selling scandal of enormous proportions, MPs said yesterday. One dubbed it the ‘new PPI’ – a reference to the £9billion payment protection insurance scandal that has cost banks billions in compensation. In an explosive Commons’ debate, MPs from all parties said their constituents were among...read more →

What is Bankruptcy ?

Bankruptcy is often seen as the cheapest, quickest and simplest way to clear overwhelming debt. Make sure you get the right information.  We are experts in personal insolvency and provide free information and legal assistance  along with a comprehensive low cost bankruptcy service. By speaking to our advisors you can be assured that we will completely understand your needs and...read more →

Loan and Credit problems

Loans that aren’t secured on your home (like a mortgage for example), overdrafts, credit cards and mail order agreements are often known as ‘non-priority’ debts. You generally have to deal with these debts by coming to an arrangement with the creditor to pay an amount you can afford. If you can’t come to an affordable arrangement, the creditor may claim...read more →

Post Bankruptcy Services now More Important than Ever

Bankruptcy UK has noticed a marked increase recently in the number of clients returning with post bankruptcy issues, following an apparent ‘tightening up’ of procedures by Official Receivers i.e. the Insolvency Service. It appears that clients are now routinely receiving Income Payments Agreements (IPAs) despite accurate Income and Expenditure documents clearly showing that there is no surplus income. This is...read more →

Bankruptcy Tourism on the Increase

Bankruptcy Tourism; Recent insolvency statistics revealed a 5.6% fall in the number of personal insolvencies in Q2 2012 compared with Q4 2010, but the figure was still an eye watering 28,973 or roughly 1600 per week. However, while the number of people being declared bankrupt is falling, ‘bankruptcy tourism’ appears to be on the rise. Bankruptcy Tourism, where a foreign national relocates to England...read more →

Personal Bankruptcy Misconceptions

It is a generally held misconception that personal bankruptcy is punitive and that bailiffs will seize your goods and chattels, leaving you with nothing but a change of clothes. This is false. You enter into the protection of a Bankruptcy Order to do exactly that; to protect yourself from creditors and to make a fresh start. Under Section 283(2) of...read more →

How Bankruptcy Affects You

Bankruptcy affects people in different ways. No two examples are the same, though you could generalise on the effects of an average bankruptcy on an individual. We view bankruptcy as a fresh start. A clear pitch. Its up to the individual as to how he / she operates after bankruptcy. Either you use it as the restart platform which it...read more →

Inland Revenue Approved Pensions are safe in Bankruptcy.

HMRC  approved Pensions do not form part of the ‘Bankruptcy Estate’ and cannot be interfered with either now or when they mature.

How are your Debts paid?

Bankruptcy in the UK means that when you enter into bankruptcy your debts are written off. This means your creditors are no longer allowed to persue you for the debt. The only way a debt or part of a debt can be repaid in bankruptcy is if assets are sold or you are entered into an Income Payments agreement (IPA)....read more →