Declaring bankruptcy is one of the most common ways in which people look to solve severe financial difficulties. In the UK it is increasingly being used by people with insurmountable debt problems to completely write off their unsecured debts.
Becoming bankrupt is the ultimate way of dealing with debts that you can no longer afford to repay. Bankruptcy proceedings are designed to free you from overwhelming debts so that you can make a fresh start, subject to some restrictions.
If you are considering declaring bankruptcy then Spencer Hayes can help you. Based in Lancashire, we are fully authorised to provide advice on all matters relating to personal bankruptcy. From our Blackburn offices we provide bankruptcy advice and debt counselling to individuals nationwide.
Our debt specialists can guide you through the whole process including dealing with Court documents, liaising with creditors and ensuring that you have all the facts available to make a fully informed decision.
If you are struggling with overwhelming debt problems declaring bankruptcy isn't your only option. At Spencer Hayes we can advise you on all alternatives to bankruptcy. It may be that an Individual Voluntary Arrangement or a Debt Management Plan would provide a better solution to your debts.
For more information about bankruptcy and its alternatives call our helpline today on 0800 028 4422 or complete the enquiry form and one of our debt counsellors will call you back.