When you have been declared bankrupt there are various restrictions and obligations that are applied to you. In ...
Read More »Bankruptcy Courts in and around Ilkley
Bradford Combined Court Centre
Bradford Combined Court Centre
Bradford Law Courts
Exchange Square
Drake Street
Bradford
West Yorkshire
BD1 1JA
Halifax County Court
Halifax County Court
Prescott Street
Halifax
West Yorkshire
HX1 2JJ
Huddersfield County Court
Huddersfield County Court
Queensgate House
Queensgate
Huddersfield
West Yorkshire
HD1 2RR
Leeds Combined Court Centre
Leeds Combined Court Centre
The Courthouse
1 Oxford Row
Leeds
West Yorkshire
LS1 3BG
Wakefield Civil Justice Centre
Wakefield Civil Justice Centre
1 Mulberry Way
Wakefield
West Yorkshire
WF1 2QN
Ilkley 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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