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 Lymm

Chester Civil Justice Centre

Chester Civil Justice Centre
Trident House
Little St John Street
Chester
Cheshire
CH1 1SN

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Crewe County Court

Crewe County Court
The Law Courts
Civic Centre
Crewe
Cheshire
CW1 2DP

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Macclesfield County Court

Macclesfield County Court
Court Office
2nd Floor
Silk House
Park Green
Macclesfield
Cheshire
SK11 7NA

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Warrington County Court

Warrington County Court
Law Courts
Legh Street
Warrington
Cheshire
WA1 1UR

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Stockport Magistrates' and County Courts

Stockport Magistrates' and County Courts
The Courthouse
Edward Street
Stockport
SK1 3NF

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Lymm 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.

Speak to a Bankruptcy Expert

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