When you have mounting debts with no prospect of paying them off, declaring bankruptcy can be an efficient way to remedy the situation and provide you with a chance to have a fresh start.
Personal bankruptcy will clear all of your unsecured debts, but in doing so it is going to remain on your Credit History for six years, which can impact your future borrowing during that timeframe. An alternative type of insolvency is an IVA, which could be suitable if you have equity to protect, or a career which is excluded from personal bankruptcy.
If personal bankruptcy certainly is the answer you're looking for, then the appropriate paperwork will eventually be submitted to your local County Court.
For those living within Wrexham
we have included the court details below. You only need to contact the court if you already have everything prepared, including your Statement of Affairs and Debtor's Petition, and you are ready to finalise the Bankruptcy Order.
To arrange a consultation you can complete this online form
, and an experienced Advisor will be in touch to assess your situation and advise you accordingly.