Bankruptcy Explained

Is Bankruptcy the Right Choice?

Once filed there's no going back. Get expert assistance.

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Bankruptcy Courts in and around Brentford

Kingston-upon-Thames County Court

Kingston-upon-Thames County Court
St James Road
Kingston-upon-Thames
Surrey
KT1 2AD

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Slough County Court

Slough County Court
The Law Courts
Windsor Road
Slough
Berkshire
SL1 2HE

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Bankruptcy Court (Central London)

Bankruptcy Court (Central London)
Rolls Building
7 Rolls Buildings
Fetter Lane
London
London
EC4A 1NL

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Brentford Bankruptcy Help

Filing for bankruptcy can be very beneficial choice for some, and a terribly devasting one for others. Obtaining the protection of a bankruptcy order is a civil right that you can enforce when your level of debt has become so unmanageable, and the prospect of you repaying it so impossible, that it is the only reasonable course of action.

There is an alternative called an IVA, which is arguably a much more suitable choice if you have a property (that’s in equity) that you want to keep, or vehicles worth more than £2,500. Unlike bankruptcy an IVA protects your assets, and is a contract between you and your creditors agreeing upon monthly instalments for a period of 5 years.

When facing insolvency it is worth considering both options, but whichever you choose, they both adversely affect your credit rating in the same way and they both provide a way to lift the burden of debt.

You can speak to a qualified insolvency expert for unbiased advice, with no-obligation, by completing the form on the right.

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