If you have literally no money to pay back to your lenders and are in a really difficult situation to keep up with your commitments then bankruptcy might be one of the options that you need to explore.
Bankruptcy should only be considered when all other debt solutions have been looked into, especially an Individual Voluntary Arrangement (IVA). An IVA was introduced by the Government in 1986 as alternative to Bankruptcy.
Bankruptcy is a form of insolvency. If you are made bankrupt:
We’ve helped thousands of people take control of their finances.
Disclaimer: Please see below a couple of reveiws which could vary from person to person, based on the indivdual's financial situation.
"Great. The best thing I ever did, you think it's too good to be true but hey it's so out there. I was paying a thousand pounds a month, now I am paying, wait for it. Two hundred. Yes it's true. Go for it!" Patricia Howell
"So simple, I had worried myself sick about my bills! One phone call is all it took to start things rolling. It was easy, just be honest by telling them everything and it gets sorted for you" Alistair Molyneux
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