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 Rowley Regis
Birmingham Civil Justice Centre and Family Courts
Birmingham Civil Justice Centre and Family Courts
Priory Courts
33 Bull Street
Birmingham
West Midlands
B4 6DS
Coventry Combined Court Centre
Coventry Combined Court Centre
140 Much Park Street
Coventry
West Midlands
CV1 2SN
Burnley Combined Court Centre
Dudley County Court
Dudley County Court
7 Hagley Road
Stourbridge
West Midlands
DY8 1QL
Stourbridge County Court
Stourbridge County Court
7 Hagley Road
Stourbridge
West Midlands
DY8 1QL
Walsall County Court
Walsall County Court
Bridge House
Bridge Street
Walsall
West Midlands
WS1 1JQ
Wolverhampton Combined Court Centre
Wolverhampton Combined Court Centre
Pipers Row
Wolverhampton
West Midlands
WV1 3LQ
Rowley Regis 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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