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Bankruptcy  >>  What is Bankruptcy?
"Bankruptcy is a legal process for the seriously indebted to make a fresh start by selling assets and using the funds raised to pay your creditors"
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Debt Management & Debt Advice
Q.
"What is Bankruptcy?"
A.
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Freephone:
0800 634 5521
Bankruptcy is a legal process that allows you to free yourself from over increasing pressure of debts and make a fresh start by selling your assets and using the funds raised to pay your creditors. When your bankruptcy has come to an end your creditors can make no further claims against you. There are however, certain restrictions that come with bankruptcy, for example your situation being advertised in the local press, having your landlord informed, and in some professions the risk of losing your job.

Our specially trained debt advisers can discuss IVAs and other alternatives to bankruptcy with you, free of charge. Simply complete the form on the contact us page, for a call back. Or call us on 0800 634 5521.
Learn more about the bankruptcy process
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What is an IVA?
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