Your guide to bankruptcy and the possible alternatives

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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Impact of VAT Increase on IVA Payments

Value added tax (VAT) was increased from 17.5% to 20.0% in early 2011 and on top of a cross-the-board reduction in pay rises it put a serious dent in all our...

Bankruptcy or IVA: What's the Best Way to Go Bust?

People who are in financial difficulties still have some options to help them deal with their problems, the main ones being either to go bankrupt or to take...

How the Courts Deal with Bankruptcy

Although there are many courts in the UK not all of them deal with bankruptcy. Bankruptcy petitions can be presented in London, at the High Court, or in any...

New Online Bankruptcy Procedures Could Spell Trouble

Under new government plans, a fast-track method of declaring yourself insolvent could take the sting out of filing for bankruptcy. The new plans have, howeve...

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Latest Articles and Tools

Managing Utility Debts

We all know the feeling: another utility bill arrives on the doorstep at exactly the wrong time. You can’t pay it – but then another one arrives. Utility...

A Summary of the Impacts of Bankruptcy

Bankruptcy is a big step. While it can be an effective way to deal with debts that have become unmanageable, it is important to understand that the consequen...

Payday Loans: Understanding the Risks

Payday loans are a significant growth industry in the UK. There are thousands of payday loan providers across the country, all providing finance at varying c...

Payment Protection Insurance on Your Debt: Can You Claim?

Payment protection insurance is back in the news, with the big High Street banks being forced to set aside huge sums of money to settle claims. Thousands of...

Changes to Bankruptcy Rules: Pay to Declare Bankruptcy?

Recent changes to bankruptcy rules could make life harder for people who have declared themselves legally bankrupt and continue to live on low incomes. Once...

Impact of VAT Increase on IVA Payments

Value added tax (VAT) was increased from 17.5% to 20.0% in early 2011 and on top of a cross-the-board reduction in pay rises it put a serious dent in all our...

Terminating an IVA Agreement

Individual Voluntary Arrangements (IVA) have become increasingly popular in recent years, as a simple way of dealing with personal debt problems that have go...

How Winter 2010 Threatened Small Businesses

The winter of 2010/11 was one of the coldest since records began. The average temperature of the winter season was an extremely chilly -0.8C (32F). The conti...

Step by Step: Visiting the Official Receiver's Office

The Official Receiver is one of the most important parties in bankruptcy proceedings. Often known as the OR, this individual is a court officer who will take...

Bankrupt But Due to Inherit: Who Owns the Property?

Bankruptcy is a major decision that will have an impact on your finances for years to come. Far from being an ‘easy way out’, it can severely limit your...

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