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.
Why Appoint an Insolvency Practitioner?
An insolvency practitioner can help you manage serious debt problems and deal directly with creditors to avoid bankruptcy.
Advantages of Payment Protection Insurance
Payment protection insurance can help cover loan payments if you lose income, but compare options carefully and check the terms.
Administration Orders
If you have multiple debts and county court judgements, an administration order lets you pay everything back in one manageable monthly payment.
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
High interest rates and hidden fees make payday loans risky despite their appeal for emergency cash needs.
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
What happens when you can't afford your IVA payments and what options you have to exit the agreement.
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 gets complicated—here's what actually happens to it.