Bankruptcy

Bankruptcy

  • Debt written off on completion
  • Stop lender contact
  • Freeze interest & charges

How we could help

Write off up to 100% of your unsecured debts

Your unsecured debts will be frozen for 12 months and if your circumstances don't change following that, they will be written off completely.

We'll deal with your lenders

All contact from your lenders such as letters, emails, and calls will stop.

Take back control

With no more contact from lenders, no more unsecured debt payments to make, and all qualifying debts written off after 12 months.

Get started

Bankruptcy is a formal debt solution. It’s one way you can clear your debts in a relatively short period of time - typically 12 months. However, it can have long-lasting affect on you and so should be considered carefully before applying.

It’s best suited for people who can’t afford to pay their debts off within a reasonable timeframe. That means if you owe a lot more than your existing income and any assets you own, it may be a suitable solution for you.

As with any debt solution, the best way to ensure you are find the most suitable solution is to speak with one of our expert advisors.

There are three ways you can go bankrupt. They are:

  • A lender applying for your bankruptcy
  • Applying for bankruptcy yourself
  • Your IVA Supervisor petitioning for your bankruptcy.

If you qualify for Bankruptcy, our expert advisors can help you with your application.

There isn’t a minimum or maximum amount of debt you’ll need to qualify for bankruptcy. You’ll just need to show that you wouldn’t be able to repay your debts in a reasonable amount of time. You’ll also need to have lived in England and Wales for at least six months in the past three years. If you live in Scotland or Northern Ireland, you’ll have to go through your country’s respective bankruptcy process.

Although bankruptcy can mean you clear your debts in typically 12 months, that doesn’t mean it’s suitable for everyone. Again, it is vital you speak to an expert advisor before applying for bankruptcy.

Write off up to 100% of your unsecured debts

Your unsecured debts will be frozen for 12 months and if your circumstances don't change following that, they will be written off completely.

We'll deal with your lenders

All contact from your lenders such as letters, emails, and calls will stop.

Take back control

With no more contact from lenders, no more unsecured debt payments to make, and all qualifying debts written off after 12 months.

Get started

What is bankruptcy?

Bankruptcy is a formal debt solution. It’s one way you can clear your debts in a relatively short period of time - typically 12 months. However, it can have long-lasting affect on you and so should be considered carefully before applying.

It’s best suited for people who can’t afford to pay their debts off within a reasonable timeframe. That means if you owe a lot more than your existing income and any assets you own, it may be a suitable solution for you.

As with any debt solution, the best way to ensure you are find the most suitable solution is to speak with one of our expert advisors.

Get started

How does bankruptcy work?

There are three ways you can go bankrupt. They are:

  • A lender applying for your bankruptcy
  • Applying for bankruptcy yourself
  • Your IVA Supervisor petitioning for your bankruptcy.

If you qualify for Bankruptcy, our expert advisors can help you with your application.

Get started

Do I qualify for Bankruptcy?

There isn’t a minimum or maximum amount of debt you’ll need to qualify for bankruptcy. You’ll just need to show that you wouldn’t be able to repay your debts in a reasonable amount of time. You’ll also need to have lived in England and Wales for at least six months in the past three years. If you live in Scotland or Northern Ireland, you’ll have to go through your country’s respective bankruptcy process.

Although bankruptcy can mean you clear your debts in typically 12 months, that doesn’t mean it’s suitable for everyone. Again, it is vital you speak to an expert advisor before applying for bankruptcy.

Get started

Get debt help now

Complete the online form and one of our friendly advisors will call you to discuss your options.

Get started

Answer a few online questions so we can find the most suitable debt solution for you.

Talk to an expert

Speak to an advisor so we can help reduce your payments and set everything up.

Take back control

Continue with the professionals on your side until you are debt free!

Is bankruptcy right for me?

As with any insolvency process there are consequences of entering into an Bankruptcy, these include:

The bankruptcy will appear on your credit file for 6 years

You may have to sell some of your assets and pay the money into your bankruptcy. It can include your home, your car and other high value items.

Details of your bankruptcy will be published on the Individual Insolvency Register.

If you can afford to do so, you may have to make payments to creditors for up to three years.

You may not be able to do certain jobs if you’ve been bankrupt. These include being a solicitor, an accountant and some other jobs where you’re a member of a professional body.

Fees are payable if ongoing services are provided, read about Fees and Key Information here.

For more help and advice, visit the Money Advice Service, an independent service set up to help people manage their money. Or find out more about the different options for paying off your debt here. DROs, Bankruptcy & IVAs are not available in Scotland.

Fantastic...

Fantastic service right from day one. Even when I've struggled there's always been a friendly voice at the end of the phone to support me. Harrington Brooks are a fantastic way to get back on track. If you're having problems with debt, give them a call!

Get debt help now

Complete the online form and one of our friendly advisors will call you to discuss your options.

Get started

Answer a few online questions so we can find the most suitable debt solution for you.

Talk to an expert

Speak to an advisor so we can help reduce your payments and set everything up.

Take back control

Continue with the professionals on your side until you are debt free!

Real people, real stories

Mike works in customer services. He was struggling to keep on top of his loans and credit cards payments. With our help he declared himself bankrupt and in 12 months he was debt free.

Bankruptcy Orders are available subject to elegibility and acceptance, alternative solutions may be offered.

Payments are lowered or stopped

Debts written
off after 12 months

Any legal action from lenders is stopped

Real people, real stories

How we’ve helped 1000s of people build a brighter future.

Mike works in customer services. He was struggling to keep on top of his loans and credit cards payments. With our help he declared himself bankrupt and in 12 months he was debt free.

Bankruptcy's are avaliable subject to elegibility and acceptance, alternative solutions may be offered.

Payments are lowered or stopped

Debts written
off after 12 months

Any legal action from lenders is stopped

Get started

Get debt help now

Complete the form and one of our friendly and confidential advisors will call
you back to discuss the way forward.

  • Completely anonymous
  • Free eligibility check

What is your Debt Level?

£4000

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