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We are the UK's leading Independent Bankruptcy Advice Providers of personal and commercial bankruptcy advice no matter how complex the case might be. We have provided bankruptcy advice to thousands of people in the past 16 years and pride ourselves on our extensive experience and friendly and straightforward approach.

Our clients range from the average man on the street to Barristers and professionals that find themselves stuck in the complex world of insolvency and the hostile approach that pressing creditors take on the indebted debtor.

We aim to respond to all call back requests within 10 minutes. On the other hand, you might wish to call us on 01425 600129 or 07812 917002 / 07894 481175 and you can speak to us straight away. We provide an initial free review to gain an understanding of your circumstances. Having assisted well over 4,500 people with successful bankruptcies, we will guide you through the process step-by-step and complete all of the necessary paperwork. We will even deal with your creditors, if needs be. We are transparent when it comes to our services. What you see is what you get. There are no hidden costs or charges.

Bankruptcy Questions

An organisation is making me bankrupt while i have a repossession order on my flat – what should i do?

The flat would form part of the bankruptcy estate and any shortfall on the eventual sale would be absorbed in the bankruptcy i.e. you would not be liable. We suggest you stop paying the mortgage immediately and remain in the flat until such time as you are ordered to move, which can take several months. Call us with any more...read more →

Monthly outgoings, changing mortgage, 12 months nil tax

I have 3 questions. 1. how much is reasonable for essential outgoings. 2. Mortgage is currently IO – is it acceptable to change to repayment prior to BKY 3. If i pay nil tax for 12 months but my income increases in that time, will it alter any outcome of the bankruptcy? To answer your questions: • The income and...read more →

Will I ever get a mortgage after bankruptcy?

Believe it or not – especially in light of the credit crunch – mortgage brokers tell us that mortgages are possible provided you have been discharged for three years and have had no problems in the interim. Clearly, the lenders will look at each case very closely and probably insist on a substantial (40%) deposit, but at least there is...read more →

Will I lose my laptop if I go bankrupt?

No, personal possessions – within reason – and household goods are exempt from bankruptcy, though any financial resources will be attached – including premium bonds, savings, etc. The exception to this are HMRC approved pensions, which are currently ring posted in bankruptcy. However, older bankrupts, especially those aged between 52 – 54 might be affected if proposed legislation is introduced...read more →

Bankruptcy News

Administration Orders

If your total debts are less than £5,000 and you have a county court judgment (CCJ) against you, you might be eligible to apply to the county court for an administration order. This is a formal and legally-binding agreement between you and your creditors to pay back your debts over a period of time. The court will decide on a...read more →

Bankruptcy Register

The Bankruptcy or Insolvency Register is a public record of all court-approved insolvency arrangements, including bankruptcy, Individual Voluntary Arrangements (IVAs) and Debt Relief Orders. People who enter into the protection of bankruptcy can expect to appear on the bankruptcy register for 15 months, whereupon their name is removed. This information is in the public domain – google ‘Insolvency Register’ –...read more →

Bankruptcy Fraud

Bankruptcy fraud is viewed as very serious by the Official Receiver / Insolvency Service and can result in either an extended Bankruptcy Restriction or a prison sentence, or both. The most common form of Bankruptcy fraud is where people try to hide assets, usually by not declaring foreign property interests and closing / hiding bank accounts. By signing the declaration...read more →

Individual Voluntary Arrangement (IVA)

An IVA is an agreement made with your creditors to pay off your debts over a set period of time – usually 60 months – and is one option you can use to pay off your debts. It is a formal, legal debt solution. This means it is approved by the court and your creditors have to stick to it....read more →

Featured

An organisation is making me bankrupt while i have a repossession order on my flat – what should i do?

The flat would form part of the bankruptcy estate and any shortfall on the eventual sale would be absorbed in the bankruptcy i.e. you would not be liable. We suggest you stop paying the mortgage immediately and remain in the flat until such time as you are ordered to move, which can take several months. Call us with any more...read more →

Monthly outgoings, changing mortgage, 12 months nil tax

I have 3 questions. 1. how much is reasonable for essential outgoings. 2. Mortgage is currently IO – is it acceptable to change to repayment prior to BKY 3. If i pay nil tax for 12 months but my income increases in that time, will it alter any outcome of the bankruptcy? To answer your questions: • The income and...read more →

Administration Orders

If your total debts are less than £5,000 and you have a county court judgment (CCJ) against you, you might be eligible to apply to the county court for an administration order. This is a formal and legally-binding agreement between you and your creditors to pay back your debts over a period of time. The court will decide on a...read more →

Will I ever get a mortgage after bankruptcy?

Believe it or not – especially in light of the credit crunch – mortgage brokers tell us that mortgages are possible provided you have been discharged for three years and have had no problems in the interim. Clearly, the lenders will look at each case very closely and probably insist on a substantial (40%) deposit, but at least there is...read more →