Bankruptcy is a legal process that allows individuals who cannot pay their debts to have their debts written off, subject to certain conditions. It is a serious step that can have significant consequences, so it is important to seek professional advice before deciding to proceed.
If you decide to proceed with bankruptcy, we will guide you through each step of the process, from filing the necessary paperwork to attending court hearings. We will also help you to understand the consequences of bankruptcy, including any restrictions on your financial affairs that may be imposed.
It is worth noting that bankruptcy is not the only option available to those struggling with debt. There are a number of alternatives, such as debt management plans, individual voluntary arrangements (IVAs), and debt relief orders, which may be more appropriate depending on your circumstances.