Bankruptcy Filing - Help With Going Bankrupt

First of all, let us say that bankruptcy is not a dirty word - people from all walks of life at some stage or another can find themselves with money problems and debts they simply cannot afford to pay any more and the only way out is possibly getting help with filing for bankruptcy, more commonly referred to as going bankrupt.

If you have any debt problems whatsoever, contact us now and our Debt Advisor will ring you back at a time convenient to you offering friendly and FREE no obligation debt solution advice. If our Financial Advisor considers bankruptcy is the best option for you, you will be guided through exactly what going bankrupt entails.

Advantages of a bankruptcy order include:

• creditors have to stop chasing you personally for the debt
• a trustee appointed by the Court deals with all your creditors
• you have the chance to make a fresh start

Disadvantages to bankruptcy include:

• you may lose assets (household goods and tools of the trade should not be taken)
• bank accounts are frozen (new basic bank account may be opened after bankruptcy order)
• some debts such as court fines, secured loans etc ... might still be payable at the end of the bankruptcy order
• £310 deposit payable when making bankruptcy application
• £150 fee required on application - a request to waiver the fee can be made if you cannot afford this
• you might have to make monthly repayments to the Trustee
• monthly repayments are normally expected to be made over a 3 year period

If you have large debts that cannot be repaid over a reasonable period of time, filing for a bankruptcy order may well be the debt solution for you.

If you require help in filing for bankruptcy or any other aspect of debt, contact us now and you could soon be on your way to debt freedom soon.

To request a FREE call back to see if bankruptcy would be the best debt solution for you, contact us now and our advisor will contact you at a time convenient to you.

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