Your bankruptcy is completely removed from the Insolvency Register 15 months after you entered into bankruptcy or 3 months after discharge. The Insolvency Register (Google it) is a public record of all those persons currently involved in Debt Relief Orders, Individual Voluntary Arrangements and Bankruptcies i.e. court sanctioned arrangements.
You are automatically discharged after 12 months and in some cases people are even discharged before the end of the 12 month period.
These include persons whose circumstances are unlikely to change viz. pensioners, people on DLA, etc. It is important that you obtain a certificate of discharge when you have completed the 12 month period and submit copies to the three main credit reference agencies, as there can be delays before information is updated. There is a charge for the discharge certificate, but it’s worth paying.
Bankruptcy UK specialises in taking people through the bankruptcy process in a straightforward manner. We will guide you through the process then submit the bankruptcy application online. Court appearances are no longer required for bankruptcy. Call us for a chat about your circumstances on 01425 600129.
My husband has divorced me from his finances. I have been dependant on him for the last 3 years as I am a live at home mother. When I met him I had a £50,000 liability to Northern Rock for a 120% mortgaged property that was repossessed and I have been repaying the shortfall for the past 4 years. I have two other debts which are credit cards totalling £7,000.00. I am just wondering if there is any other option.
We could try a full and final settlement with Northern Rock and then obtain a payment holiday with the possibility of freezing the interest payments and reducing the payment down to £1.00 per month for a period of 6 months. This would give you the opportunity to get yourself repositioned and placed where you have an income and can manage your debts independently without 3rd party assistance. In many instances we are able to negotiate positive solutions with lenders that people generally are not aware of.
However, this will require you coming up with some money and if this is not possible bankruptcy is without doubt the best solution, as the amounts involved are sizeable. A plus point is that you will not have to attend court as everything is processed online and over the phone.
Bankruptcy UK specialises in taking people through the bankruptcy process in a straightforward manner. We will assess your circumstances then submit the bankruptcy application online. Court appearances are no longer required for bankruptcy. Call us for an informal chat on 01425 600129.
At Bankruptcy UK we will quickly provide a solution for your particular circumstances. Although we do not offer direct advice, we will provide you with more than enough information to make an informed decision.
It is our view that people often make better decisions when presented with impartial information, rather than being told what to do. After all, many of us would hardly have taken financial products had we been given all the information we required upfront. The truth is many of these financial services were sold by advisers based solely on what was most profitable for the company and not what was in the best interests of the client.
Bankruptcy.co.uk will assist all parties, from private individuals to self employed sole traders and business owners. Unlike other debt solution providers, we provide assistance across the board and are not restricted to any particular part of the market.
Due to regulation changes that took place on 6th April 2016 you no longer have to attend court for bankruptcy. The bankruptcy process is now conducted online. If you are looking for help and assistance or simply want some information, call our helpline.
If you cannot afford the bankruptcy fees, we can provide you with access to 48 charities and businesses that could provide you with financial assistance.
Our online bankruptcy service will relieve you of the pressure of having to tackle the online application, which in many cases is designed to trick the applicant. Remember, one of the objectives of the Official Receiver is to place you in an Income Payments Agreement and mistakes made on the application – and particularly the income and expenditure – could cost you dearly.
Bankruptcy UK offers bankruptcy help across the board and will submit your application online. Court appearances for bankruptcy are no longer required. Feel free to call us on 01425 600129 for a chat about your circumstances.
All debts remain on your credit file for six years, which can be frustrating for those who have recently completed a 5 – 6 year IVA, as the ‘Footprint’ stays there for several more years. There are so many people who opt for IVAs ahead of bankruptcy, despite the fact that they have no assets such as property or businesses – the purpose of an IVA is to protect assets which otherwise be lost in bankruptcy. This results in them being stuck in a completely unnecessary IVA for at least five years, when they could be in and out of bankruptcy in 12 months or less.
While on the subject, people should note that properties in negative equity are not lost in bankruptcy, provided mortgage payments are maintained. It should also be pointed out that if a property is involved in an IVA, it will run for six years and not five. This is because there is a so-called four year re-mortgage clause in these agreements which obliges the individual to release funds from their properties after four years. Since this will never be possible because of an impaired credit rating, the IVA remains in place for a sixth year.
It still troubles us how many ordinary people have been placed in IVAs when bankruptcy was the correct solution. People in rented and holding down everyday jobs have no place in an IVA but this is big business for the IVA companies and they will place virtually anybody in one of these wretched arrangements.
Feel free to call us on 01425 600129 with any other questions or for bankruptcy help. Questions may also be posted on our Home Page. Please note, court appearances are no longer required for bankruptcy as everything is processed online.
I filed for Bankruptcy in 2007, but never received a Discharge Notice. How do I apply for one please? I still have the original papers, because I was told I would have to wait 7 years to apply for a discharge, but is this no longer the case?
You would have been automatically discharged after 12 months and removed from the Insolvency Register 3 months later, but if you are looking for an actual discharge certificate you will need to pay £70 for one at the county court where you went bankrupt – it is not free despite the court fees you paid. We don’t think there is any point in doing this now, but for the benefit of other readers, it is worth obtaining the discharge certificate and sending copies to all of the credit reference agencies. The agencies are slow to update credit files and we’ve heard of cases where people are still being listed as bankrupt two years after discharge. Needless to say, this does little to help those trying to improve their credit ratings.
Bankruptcy UK offers a full bankruptcy administration service, including dealing with creditors, completing the all important Income and Expenditure, professional completion of the relevant paperwork and bankruptcy help at all levels. Call us on 01425 600129 or 0800 5977 977 for a chat about your circumstances.
If you feel that you have no hope when it comes to paying off your debts within a reasonable timeframe, it is likely that you may need personal bankruptcy help.
This is a legal procedure for people whose circumstances and situations are unlikely to change in the future.
Bankruptcy isn’t right for everyone though so the best thing you can do right now is to give us a call so we can discuss your options and make sure that this is the most suitable route for you.
Unfortunately, sometimes the debt just takes over but you need to take control of the situation and get things back on track. Once you are bankrupt your creditors, by law, must then stop calling you, or harassing you.
The threatening letters will be gone and the daily post, phone calls or a knock at the door won’t be people chasing you for money.
Don’t let your creditors take you through the court system or wait for the Bailiff to come knocking at your door. Your personal debts or your unsecured debts (personal loans, credit cards and mobile phone account debts to name but a few) are all cancelled out if you decide to take out a personal bankruptcy.
We simply provide a seamless and straight forward service from preparing all the relevant paperwork through to organising the court appointment. You will have everything you need in order to make an informed decision. Your peace of mind and satisfaction is our main objective.
Are you looking for personal bankruptcy help? Call us today on 01425 600129
There are a lot of companies out there presenting this service. As there are no FCA regulations or guidelines in place governing debt advice, how do you know who to trust?
We believe this all comes down to 3 things; experience, professionalism and customer satisfaction. Not only have we been doing this for many years with distinction, but our clients are delighted with the help they receive from us. We guarantee personal satisfaction and challenge you to find a better service.
Don’t let your creditors take you through the court system or wait for the Bailiffs to come knocking at your door. Your personal debts or your unsecured debts (personal loans, credit cards, etc.) are all liquidated if you decide on personal bankruptcy. To understand more about the options and to put together a plan of action, give us a call today.
Once bankrupt your creditors are obliged by law to stop contacting you. The threatening letters will stop and you can start to live your life again knowing that your daily post, phone calls or a knock at the door will not be people chasing you for money.
If you are looking for personal bankruptcy services call us now on 01425 600129
If you answered yes to the above then the time to address your financial situation is imminent.
Let’s focus on that word FREE. They say nothing in life worth having comes for free right.
Well they were wrong. If you are struggling to make those credit card or loan repayments, tired with dealing with the banks and debt collectors or even had to take out a payday loan to make ends meet – we want to hear about it. It’s time to let go of any frustrations or guilt that you may have surrounding your debt problems or spending habits. There was no malicious intent here. You were living the dream just like everybody else was.
There is light at the end of the tunnel. We know how to handle the people who are chasing you. We understand the documentation that they require and we are experts in challenging their procedures. In our experience, it is often the case that the situation is not quite as bad as it may seem.
It’s important to remember that every problem has a solution.
Can you imagine being able to do anything you want with the money you make because you are debt free? Living debt free is one of the most important things you can do in choosing to live a simpler, stress-free life.
We are proud to announce that our clients are always happy with the outcome we provide for them.
Whatever personal debt you have – get ready to say goodbye to it for good!
The time to get out of debt free is now, call us today on 01425 600129
It really isn’t as dramatic as it sounds. Nobody ever plans to be in this position but these things happen and before you know it, the debt is on top of you or has taken full control.
You shouldn’t have to deal with threatening calls from creditors or worry about your belongings being repossessed. Life can be hard enough so we don’t need debt collectors making it tougher.
You can do something about it though. Don’t let your creditors take you through the court system or wait for the Bailiff to come knocking at your door. Your personal debts or your unsecured debts (credit cards, store cards, personal loans, utilities or mobile phone account debts to name but a few) are all cancelled out if you decide to take the bankruptcy step.
To understand more about how this option can have a positive impact on your circumstances, or to identify the cause of your difficulties and formulate a realistic strategy – give us a call today.
Once you are bankrupt your creditors, by law, must then stop calling you, or harassing you. The threatening letters will stop and you can start to live your life again knowing that your daily post or phone calls won’t be people chasing you for money You can also open your front door with confidence. Imagine it being someone there that you actually want to see or were expecting to hear from.
Are you ready to remove the financial strain from your life and finally make things a lot simpler than they were before? Of course you are. You wouldn’t be reading this if you weren’t.
Now – you are you ready to take the bankruptcy step so call us now on 01425 600129
Many of the people we speak to are surprised when we ask about total household income, especially when only one party is going bankrupt. But believe us when we tell you that getting this part of your bankruptcy right is really important, as it will decide whether you end up in an Income Payments Agreement (IPA) for the next 36 months, or not.
For this reason, we need to know what your partner contributes towards household income, rather than what he or she earns. It could be, for example, that your partner takes home £1200 per month, but by the time his / her car finance, credit cards and other expenses (child support, for example) has been deducted, only £700 is available and this is the figure we are talking about – what they contribute towards the bills and food.
This would not apply in cases where both parties are going bankrupt – here we would need to know the full take home pay of both parties. It’s not all bad news, though. as now we can factor in allowances for two people instead of one and that makes a big difference. People thinking about doing their own bankruptcy would do well to seek professional advice when attempting an Income and Expenditure as a bodge job will cost you dearly. Even an IPA of £80 per month works out to just under £3000 over a 36 month period, something you could well do without.
Feel free to call us with any questions or for bankruptcy help on 01425 600129 or 07479 739139 / 07894 481175. Alternatively, post a question on our home page. Court appearances are no longer required for bankruptcy as everything is done online.
Bankruptcy.co.uk is a website providing assistance with most bankruptcy and Insolvency matters. The website provides a gateway to licensed Insolvency practitioners and commercial law practices governed by The Law Society of England & Wales, providing users access to licensed professionals that can help our users to solve their problems. Bankruptcy.co.uk is non advisory and provides information in a way that the user makes their own mind up as to whether they want to use the services of the organisation or not. Any fees charged are fully transparent and there are no hidden charges or costs involved. Our Management believes that people should make their own minds up and understand what it is that they are doing opposed to being lead into making decisions that they did not choose to make.