Becoming Bankrupt
Clear Advice on Handling Bankruptcy...

You'll find clear, expert guidance here to help you understand your options and make informed decisions about managing debt and financial difficulties. Our comprehensive collection of articles, expert advice, case studies and real reader experiences provides everything you need to navigate your situation with confidence. Becoming Bankrupt is here to help.

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Bankruptcy for Company Directors
Company directors face strict legal restrictions when bankrupt, including losing the right to direct companies until discharged.
Debt Consolidation: What is it and How Can it Help Me?
Debt consolidation combines multiple debts into one loan, which can lower your monthly payments, but weighing the pros and cons matters before deciding.
How Does Bankruptcy Affect my Pension?
Your basic state pension is protected if you go bankrupt, but other pensions like workplace schemes may be at risk.
How Winter 2010 Threatened Small Businesses
Extreme cold in winter 2010 pushed thousands of UK small businesses toward bankruptcy, wiping out crucial Christmas profits.
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Managing Utility Debts
When you can't pay your utility bills, contact your provider right away to avoid debt spiralling and legal action.
A Summary of the Impacts of Bankruptcy
Bankruptcy affects more than just your debts, your assets, income, and ability to borrow all face significant changes.
Payday Loans: Understanding the Risks
Payday loans can help in a pinch, but high costs and hidden fees often make them riskier than they're worth.
Payment Protection Insurance on Your Debt: Can You Claim?
Banks mis-sold payment protection insurance to millions, and you might be able to claim money back from your lender.
Changes to Bankruptcy Rules: Pay to Declare Bankruptcy?
New bankruptcy rules lower the disposable income threshold from £100 to £20 per week, meaning more of your money goes toward debts.
Impact of VAT Increase on IVA Payments
Higher VAT made IVA payments harder to afford for people already on tight budgets, and changing the terms isn't straightforward.
Terminating an IVA Agreement
If you can't keep up with your IVA payments, here's what happens if you stop and what options you have.
How Winter 2010 Threatened Small Businesses
Extreme cold in winter 2010 pushed thousands of UK small businesses toward bankruptcy, wiping out crucial Christmas profits.
Step by Step: Visiting the Official Receiver's Office
When you're declared bankrupt, the Official Receiver may ask you to visit their office for an interview to discuss your finances and debts.
Bankrupt But Due to Inherit: Who Owns the Property?
When you're bankrupt, inheriting money or property can be claimed by your creditors to pay down debt.
Popular
1 Bankruptcy Restriction Orders 2 Effects of a Bankruptcy Discharge 3 If I Declared Myself Bankrupt Would That Include Any CCJ'S? 4 Is My Partner Able to Sell My Half of Property? 5 Types of Creditor 6 Will a Second Bankruptcy Mean More Penalties?
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Clear Advice on Handling Bankruptcy...