Bankruptcy should always be regarded as an extreme solution to solving your financial problems. Debt Helpline believe that bankruptcy should only be seen as a last resort when all other options have been fully exhausted.
A Bankruptcy Order will mean that all of your assets and disposable income are lost as they will go towards paying your creditors, this includes losing your home and your car.
All of your bank accounts and credit cards will be closed. Bankruptcy is also a very public process, your details will be published in your local paper and are available online. It will also place restrictions on your future career prospects.
If you find yourself facing bankruptcy, please call us the Debt Helpline team on 0800 0481 778 to see if we can provide you with a better alternative.