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 Cradley Heath

Birmingham Civil Justice Centre and Family Courts

Birmingham Civil Justice Centre and Family Courts
Priory Courts
33 Bull Street
Birmingham
West Midlands
B4 6DS

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Coventry Combined Court Centre

Coventry Combined Court Centre
140 Much Park Street
Coventry
West Midlands
CV1 2SN

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Burnley Combined Court Centre

Dudley County Court

Dudley County Court
7 Hagley Road
Stourbridge
West Midlands
DY8 1QL

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Stourbridge County Court

Stourbridge County Court
7 Hagley Road
Stourbridge
West Midlands
DY8 1QL

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Walsall County Court

Walsall County Court
Bridge House
Bridge Street
Walsall
West Midlands
WS1 1JQ

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Wolverhampton Combined Court Centre

Wolverhampton Combined Court Centre
Pipers Row
Wolverhampton
West Midlands
WV1 3LQ

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Cradley Heath 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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