Call today on 0161 804 5319

Bankruptcy

Bankruptcy can help you take control of large amounts of debt.

  • Usually lasts 12 months
  • Legally stop lender contact
  • A route towards a fresh start

How to get started

icon-advice 1

Quick & Simple

By clicking on ‘DO YOU QUALIFY’ and completing some simple questions about your financial circumstances, you’ll be taking your first step towards a debt free future.

icon-solution 2

Free, instant report

With the information you provide, we’ll instantly show you a free report that will explain how we can help you.

icon-debt-free 3

The Solution

Discuss your unique circumstances with an accredited advisors. By taking your income and outgoings, we can help you find a debt solution that works for you.

For more help and advice, visit the Money Advice Service, a free independent service set up to help people manage their money. Or find out more about the different options for paying off your debt here.

IVAs, DROs and Bankruptcy are only available in England, Wales and Northern Ireland.

What is bankruptcy?

It’s a big decision to take declaring yourself bankrupt. There are fees that are payable and consequences that could impact your job and home. Your credit rating will also be affected for 72 months.

This option is only usually taken if there are no other options available. Assets you own, such as your house and car could be sold and used to repay the debt. So, you’ll want to seriously think about bankruptcy before going ahead with it.

Debts we can help
you with

Credit cards

Personal loans

Store cards

Overdrafts

Payday loans

Buy now pay later

Your debt free journey

A quick look at your path
to a debt free future

icon-advice

Advice

An expert advisor will gather the information needed to assess your situation. They will help you decide if Bankruptcy is right for you.

icon-options

Options

The specific debt solutions available to you will be explained in a way you will understand. That way you will be able to make an informed decision based on your circumstances.

icon-solution

Proposal

Once the solution has been decided upon, our trusted provider will take care of the rest. They will negotiate with your lenders so you don’t have to.

icon-debt-free

Solution

You will then make monthly payments you can afford until you successfully complete your arrangement. Once completed, you will have repaid the debt included in your plan.

Start to get debt free

Find a solution

There’s a solution for every problem

The customer felt as though a huge weight had been lifted as she could finally regain control over her finances.

Natalie.

Emma’s best option was bankruptcy

More about bankruptcy

Alternatives to bankruptcy

Most people don’t realise that there are alternatives to declaring yourself bankrupt. Because bankruptcy is the only solution most people have heard of, they believe it’s their only way to tackle their debt problems.

Our trusted partners will consider all of your options based on your unique circumstances and help you make the right option for you.

Start to get debt free

Find a solution

Common questions

This will vary from position to position and from one employer to another.

It can stop you doing certain jobs, such being a financial advisor or company director. Check your contract or speak to your HR department or employer before you start your bankruptcy to see if your role, or future opportunities, will be affected.

There is the possibility that it will still have an impact after you’ve been discharged, as some employers may ask you whether you’ve been made bankrupt on an application form.

The Insolvency Register is a publicly available register that contains details about individual insolvencies - such as bankruptcies, Debt Relief Orders and Individual Voluntary Arrangements. If you enter bankruptcy, the register will show details such as your name, occupation, date of birth and details of your bankruptcy. Your information will remain on the register until three months after you are discharged.

As many banks run a credit check on anyone applying for a current account, you may find it difficult to obtain one after you've been made bankrupt. However, these days, most banks now offer a basic bank account.

If you receive a windfall, including inheritance or a lottery win, between the date of your bankruptcy and being discharged, in the majority of cases you will have to pay this to the Official Receiver for distribution amongst your lenders.

This will vary from position to position and from one employer to another.

It can stop you doing certain jobs, such being a financial advisor or company director. Check your contract or speak to your HR department or employer before you start your bankruptcy to see if your role, or future opportunities, will be affected.

There is the possibility that it will still have an impact after you’ve been discharged, as some employers may ask you whether you’ve been made bankrupt on an application form.

The Insolvency Register is a publicly available register that contains details about individual insolvencies - such as bankruptcies, Debt Relief Orders and Individual Voluntary Arrangements. If you enter bankruptcy, the register will show details such as your name, occupation, date of birth and details of your bankruptcy. Your information will remain on the register until three months after you are discharged.

As many banks run a credit check on anyone applying for a current account, you may find it difficult to obtain one after you've been made bankrupt. However, these days, most banks now offer a basic bank account.

If you receive a windfall, including inheritance or a lottery win, between the date of your bankruptcy and being discharged, in the majority of cases you will have to pay this to the Official Receiver for distribution amongst your lenders.

Take control of your
finances today

Our trusted providers will review your financial situation, explain the available options and recommend a debt solution which is suitable for you. The risks of all suitable solutions will be explained clearly and if you decide to go ahead with a debt solution our trusted providers will specialise in the management of that debt solution. We’ll be paid for introducing you, depending on your debt solution fees may be payable if ongoing services are provided. Read about fees and key information here.

  • Friendly , expert money advisors
  • Private and confidential service
  • Understand all of your options