What should I do if I’m facing bankruptcy?

What should I do if I’m facing bankruptcy?

1 answer

Daniel

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15.12.2024

I am unable to pay my debts and may need to declare bankruptcy. What are my options?

Site Administration 15.12.2024
reply date: 15.12.2024

Assess alternatives: Explore options like debt repayment plans, IVA, or debt relief orders.
Seek advice: Consult a debt adviser or solicitor to evaluate your financial situation.
File for bankruptcy: Submit a bankruptcy application to the Insolvency Service.
Understand the implications: Be aware of restrictions on assets and future credit.

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