Bankruptcy

What is bankruptcy?

Bankruptcy is a form of insolvency, so your unsecured debts need to outweigh your assets, such as property or vehicles, for it to be considered. Unsecured debts include things like credit card debt, personal loans and store cards.

If you make yourself bankrupt, your creditors write off your unsecured debts. This allows you to have a fresh start.

Call 0845 519 6093 or complete our PPI Claim form

In England and Wales bankruptcy fees total £625. You pay a £175 fee to the court and £450 to the official receiver. If you have a low income or receive benefits, you may be exempt from the court fee allowing you to go bankrupt for £450.

UK bankruptcy normally lasts for a year. You cannot borrow any further money and would have to declare any changes within your circumstances to the official receiver during this year. You may be asked to sell valuable assets, but you are able to keep most of the things you need for day-to-day living.

How can I make a PPI Claim?

It is easy to make Mis-sold PPI Claim with us. Simply call our PPI Claim line on 0845 519 6093 and speak to one of our PPI Claims handlers or alternatively complete our quick ppi claim form and one of our friendly PPI claims handlers will call you back.

Start your PPI claim today it could be worth £0000,s