Bankruptcy Process

Bankruptcy is a very public process and should only be considered after you have fully researched all the alternatives and taken expert advice from an Insolvency Practitioner.

If you want to talk to someone about your options please call the Debt Helpline free on 0800 0481 778 and we will try and find you another solution.

How Bankruptcy Works 

Your bankruptcy can only be determined in Court after a petition has been presented by either you or your creditors, with or without your consent.

Once your bankruptcy has been declared, the Official Receiver will also notify any other financial associates about your situation, including your landlord and utility suppliers.

Any assets will be sold and distributed between your creditors and any bank accounts will be closed. It is a legal issue and consequently there are serious implications which cannot be avoided.