What is Bankruptcy

When an individual cannot pay their debts bankruptcy is an option that should be considered.

Usually if you are a first time bankrupt you will receive your discharge one year after the date of the bankruptcy order, this means that the sanctions and restrictions placed on you whilst you are bankrupt are lifted. We would always consider bankruptcy when advising you on your situation

When faced with bankruptcy, other options such as Individual Voluntary Arrangement procedure (IVA) or Debt Management Plans will be considered as it can be a better option.

Bankruptcy is one way of dealing with debts you cannot pay and a decision not to be taken lightly. At Women In Debt we provide a full range of debt management and financial services including:

Why not take the Just a Minute Debt Calculator now and see how Women In Debt can help. If you need advice about declaring bankruptcy or would like to find out about other potential options, why not call and talk to our friendly debt advisors, they're not here to judge or criticise, just to listen and help - call now on 08000 886 676

If for whatever reason you feel you can't talk then click to download and complete our Debt Enquiry Form, complete it in the privacy of your own home and send back to us using the freepost address on the form