Bankruptcy Support

We can assist in your Bankruptcy Application, or advise on alternatives to avoid bankruptcy, such as an IVA or Financial Management Plan.

Note: Bankruptcy should only be considered in extreme circumstances after advice has been taken from a trustworthy source and all other avenues explored.

Bankruptcy Advantages

Bankruptcy is a beginning - not an end.
If bankruptcy is inevitable - the longer it is delayed, the worse your financial position is likely to be. There is little point in struggling to pay creditors for another 3 months, making the extent of your problems worse, when that money could be put to better use later.

• A definite outcome
  Once discharged from bankruptcy, you'll be debt free  - this is guaranteed. (exceptions apply, see debts excluded.)
• You repay only part of what you owe
  Creditors have to accept less money than is owed - they have no choice other than to accept your bankruptcy.
• No more letters and phone calls
  Once the bankruptcy order has been made, creditors and other bodies you owe may not pursue for your debts.
• You get to make a fresh financial start
  While there are serious consequences to bankruptcy, these debts are put behind you and you can start to look forward to the future with more financial stability.
• Less stigma as it becomes increasingly commonplace
  You are not alone. Approximately 10,000 individuals from England and Wales go bankrupt every 3 months. Most will complete financial rehabilitation in the fullness of time.

Bankruptcy Guide
Published by the Insolvency Service. We are required by regulation to send you a printed copy should you intend you apply for your own bankruptcy under our supervision.

How We Can Help You

The Harrington Brooks Insolvency Department has a team of specialist bankruptcy advisors who can assess your situation and offer advice as to whether bankruptcy is right for you. This advice is free and you can simply call us for an informal and confidential chat.

Should the outcome be that you want to make yourself bankrupt, then we offer a bankruptcy service (fee payable) which guides you through this process. The aim of our service is maximising the outcome of the bankruptcy on our client's behalf and to reduce stress.

We'll handle correspondence with creditors; assist you in completing all the paper work and lodging the petition at your local court.

Why Use Our Service?

It can save you time, stress and potentially money. The bankruptcy can be delayed if all documentation is not properly checked for correctness and completeness before submission to the court. Errors and omissions can raise the chances of queries being made at Court prompting a fuller judicial review into your financial affairs.

You can also be sure you're getting advice from people qualified to give it.