If you’re struggling to pay your debts, one solution that may be available to you is to be declared bankrupt. Bankruptcy writes off your unsecured debts so you can make a fresh start. But it isn’t something to be undertaken lightly, as it can have serious implications if you own your own home. And – in some cases – it can also affect your job.
If you are thinking of going bankrupt, or someone else is about to make you bankrupt, we strongly recommend that you call our free helpline on 0808801 0550 for more information before taking any further steps.
The help sheet below gives useful information on how to apply for bankruptcy, what happens once you are declared bankrupt, what effect it is likely to have on you, the alternatives and specialists who can give you more information.