Individual Bankruptcy

Guidance on the legal processes and requirements for declaring personal bankruptcy. Articles include solicitor selection, court petitions, discharge procedures and IVA arrangements.

Bankruptcy Law and You

How UK bankruptcy law lets people in serious debt sell assets and get relief within a set timeframe.

Bankruptcy Statutory Demand and Compliance

A statutory demand is a formal notice from creditors before bankruptcy proceedings, and most won't issue one unless you owe thousands and can pay.

Dismissal from Bankruptcy

Your bankruptcy dismissal depends on completing the year-long period or repaying debts early, but officials can delay it if you don't cooperate.

Effects of a Bankruptcy Discharge

A bankruptcy discharge wipes out your debts, but you'll still face major consequences like mortgage foreclosure and asset seizure.

Finding a Solicitor

Find the right bankruptcy solicitor by shopping around your options and asking the right questions at free consultations.

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.

Petitioning the Individual

When creditors petition for your bankruptcy, you'll need to file documents with your county court and pay administrative fees.

Terminating an IVA Agreement

What happens when you can't afford your IVA payments and what options you have to exit the agreement.