Bankruptcy .co.uk

We act as a free bankruptcy information & advice - one stop solution for both individuals and Company Directors, experiencing difficulties in their financial or trading positions. All staff at bankruptcy.co.uk are friendly, approachable and are capable of providing dynamic insolvency solutions to negative situations.

The bankruptcy site receives thousands of visitors every month on a world wide basis. We specialise within the UK market and can also assist British Citizens living outside the UK. All advisors at bankruptcy.co.uk are highly skilled in every recognised Insolvency discipline. If they feel that Bankruptcy is not in your best interests, another solution will be proposed. This may be a Debt Management Programme, an Individual Voluntary Arrangement (IVA) or a Debt Relief Order. We adhere strictly to the Office of Fair Trading guidelines.

All of our consultants are capable of exploiting legal loopholes within the confines of the current Insolvency Laws. Our consultants are straight talking, avoid jargon and therefore get the process moving as quickly as possible. Going it alone, or self-Bankruptcy, is full of pitfalls and can be very damaging if not done correctly. Our role is two-fold : to present your circumstances to the bankruptcy court in a manner that best represents your interests; and to protect you against aggravation from Creditors, Debt Collectors and Bailiffs. We will even contact your Creditors and let them know that we are taking care of you.

Millions of people are facing Bankruptcy or Insolvency worldwide. In the UK, someone enters into insolvency every 3.5 minutes. It is a difficult and stressful situation for those who are experiencing seemingly unresolvable debt problems. Individuals find it difficult to locate accurate information at a time when they really need it. This information may then enable the individual to halt debt proceedings and achieve a more favourable negotiating position. Bankruptcy.co.uk endeavours to provide these important services in a 'one-stop-shop' for individuals and company directors with trading and / or financial difficulties.

Remember that Bankruptcy.co.uk is detached from your situation and we review your position objectively. We intend providing you with the insight to steer your way out of the financial position you currently find yourself in. We are geared to providing you with the motivation and will to recognise that change needs to take place if you are to achieve financial security. We endeavour to take Bankruptcy proceedings and negative trading positions through to positive solutions.

We aim to handle every case promptly. When necessary, we can send a representative to your home to assist you with paperwork. In urgent cases, we can send field representatives to assist you with the paperwork. If the need for a solution is really urgent, we can even adopt a 'drop everything' posture and shuttle your case to the front of the queue. We can have your case in the bankruptcy court within days, if needs be.

The Bankruptcy site has a successful track record in stabilising an individual's financial position through negotiation, with a view to maintaining fiscal fluidity. As entrepreneurs themselves, Bankruptcy.co.uk understands the risks and challenges faced by businesses. The Bankruptcy website supports a rescue culture, where the survival and nurturing of the business is regarded as the best route for creditors and businesses alike. Lenders are more willing to try intensive care techniques as an alternative to liquidation or insolvency. There is more reason for troubled companies to consult a Company Insolvency Rescue Specialist than ever before. The chief skill of the Insolvency Practitioner is that of understanding and solving business problems. Employing rescue-orientated procedures (mostly voluntary arrangements) to turn businesses around constitutes an increasing proportion of the workload.

Whatever financial circumstances you may be facing, Bankruptcy.co.uk aims to provide an all-encompassing problem solving service, enabling you to work out of your current circumstances into a position of strength. The objective is to keep the entire process as simple and straightforward as possible.

If you are a Sole Director or a Limited Company, Bankruptcy.co.uk can assist you with Business Bankruptcy or Personal Bankruptcy rescue - and this includes solving problems with Creditors, Banks, Credit Cards, Building Societies, Leasing and Finance Companies, Bailiffs and Sheriffs.

Call Freephone 0800 5977 977 and an agent will return your call promptly, or complete the Enquiry Form at the right hand side of this page..

Homeowners will struggle

Homeowners will struggle to re-mortgage with new FSA rules

Banks and building societies will have to access their client’s free disposable income after tax, debt repayments, all bills and outgoings inc alcohol and cigarettes, clothing and footwear and even eating out.

Back in the market peak back in 2007  45% of applications were non-income verified and 10% were self certified- a product dubbed as liar loans which will be banned under the new rules.

The FSA wants every borrower's income and expenditure to be checked in future and for these stricter "affordability assessments" to replace the more common use of income multiples, "where expenditure data is ignored".

Some say that the rules should be different between existing mortgage holders struggling to renew who clearly need help and those chasing new mortgages.

 FSA managing director of supervision, said: "I'm not sure it will be the case that a lot of people will struggle to re-mortgage." The FSA wants the new rules to "dampen down some of the froth" in the market, Mr Pain said. "If that produces a more stable market, that would be good."

Mortgage brokers have said the "overall impact would be to reduce the amount of mortgage finance" and "slow any recovery in house prices". Having said all this half of all home buyers are having their mortgage requests rejected despite banks receiving billions of pounds of taxpayers’ money to boost lending.

What is bankruptcy?

Bankruptcy is one way of dealing with debts you cannot pay. The bankruptcy proceedings free you from overwhelming debts so you can make a fresh start, subject to some restrictions; read more
- What is Bankruptcy

What is IVA?

IVAs were initially intended as Business Solutions. They are expensive protection devices that allow people to retain control of assets provided the terms of an agreement are maintained; read more
- What is IVA