Bankruptcy Helpline

Before you consider Bankruptcy, you should remember that it is an extreme solution and should only be considered when all other debt solutions have been explored.

If you want help with Bankruptcy, the Debt Helpline can call you, contact us on 0808 131 9113.

Bankruptcy Help from the Debt Helpline.

There are other alternative solutions to bankruptcy which might be better suited to your circumstances. Take our Debt Helpline Test to see some of the potential options. 

Entering into an IVA may adversely affect your credit rating for up to six years from the date of approval.

Your property will be protected within an IVA but you may be required to release all or part of any equity during the period of the arrangement.

Failure to complete the term of an IVA can result in bankruptcy.

(In Scotland, a PTD is the equivalent to an IVA.)