What is Bankruptcy?
Bankruptcy is a way to deal with unsecured debts that you can't pay back
It normally lasts for a year
It costs £680 to go bankrupt, but this can be paid in instalments
Things to consider...
Bankruptcy will have a negative effect on your credit history
Your assets may be at risk during bankruptcy
If bankruptcy isn't right for you, we'll look into alternative solutions
Bankruptcy is available subject to eligibility and acceptance, alternative solutions may be offered. Fees payable if continued services are provided. Fees are explained here.
Why Debt Support UK?
- We work alongside our chosen company that is regulated by the Financial Conduct Authority.
- Their advisors are UK based and fully trained to give debt advice.
- They'll listen to your worries and get a really good understanding of your situation before recommending the right solution.
For more help and advice on getting debt free, visit the Money Advice Service, an independent service set up to help people manage their money.