Bankruptcy has always carried a certain stigma to it. This is something that is gradually changing in the ...
Read More »Bankruptcy Courts in and around Caerphilly
Pontypridd County Court
Pontypridd County Court
The Courthouse
Courthouse Street
Pontypridd
Rhondda Cynon Taf
CF37 1JR
Bridgend Law Courts
Bridgend Law Courts
The Law Courts
Sunnyside
Bridgend
South Wales
CF31 4AJ
Blackwood Civil and Family Court
Blackwood Civil and Family Court
8 Hall Street
Blackwood
South Wales
NP12 1NY
Merthyr Tydfil Combined Court Centre
Merthyr Tydfil Combined Court Centre
The Law Courts
Glebeland Place
Merthyr Tydfil
South Wales
CF47 8BH
Caerphilly 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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