Bankruptcy - things you should know

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.

What is bankruptcy?

Bankruptcy is a form of insolvency. If you are made bankrupt:

What people say about us

We’ve helped thousands of people take control of their finances

“Experts who really know their stuff”
Rating:

"I would like to thank Changing Steps for everything. I am now able to continue with my life without the worry and fear that I had everyday in the back of my head! I am so pleased that I came across this website and I would personally like to thank Helen who helped me manage this when I thought there was no where to turn!"
Mr Peters on Aug 2019.

“Thank you so much!”
Rating:

"I was struggling so much to keep up with my repayments! Everything was getting on top of me and it was even putting a huge strain on my relationship! I am now in total control thanks to you guys. My husband and I are so much happier now in our relationship too! Thank you from the bottom of my heart!"
Miss Field on Sept 2019.

Talk To Our Experts
Get debt help now