Bankruptcy and IVA

Are you considering bankruptcy? Do you have Debts over 15k? It is extremely important when considering bankruptcy that you make sure you look at the alternatives to bankruptcy. We can offer you confidential expert advice on bankruptcy and alternatives, such as an IVA.

As with any debt solutions there are many pros and cons to bankruptcy. Bankruptcy is probably the 'last resort' solution to debt problems, therefore it should be investigated thoroughly and only taken if there are no other options.

bankruptcy

We have a policy of best advice so the pros and cons of this course of action will be thoroughly discussed before and action is recommended.

Disadvantages of bankruptcy:

  • Can have detrimental affect on your long term eligibility to apply for credit or a mortgage in the future.
  • Notice broadcast in press.
  • Potential loss of assets such as your home, business and car.
  • Your bank and building society accounts could be closed.

For more information about bankruptcy and alternatives call now or apply online.
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