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Common Bankruptcy Questions & Answers

Common Bankruptcy Questions & Answers (302)

Tuesday, 17 November 2009 16:42

Bankruptcy query

Written by Jon
Question: My partner is a self employed black taxi driver. He has not paid tax for a number of years and is considering bankruptcy. Would this effect his job? Would he still be able to continue dr ...
Tuesday, 17 November 2009 16:42

Bankruptcy query

Written by Jon
Question: My partner is a self employed black taxi driver. He has not paid tax for a number of years and is considering bankruptcy. Would this effect his job? Would he still be able to continue dr ...
Wednesday, 04 November 2009 04:01

Going bankrupt in business

Written by Jon
Question: I have my own business which is a limited company and think i am going to have to go bankrupt, myself and my wife have a joint mortgage which we have quite a bit of equaty in, if i go ba ...
Wednesday, 04 November 2009 03:55

Prison

Written by Jon
Question: If a wife has a joint debt with her husband and he is sent to prison for assulat on her, what happens to his part of the debt Answer: If the debt is jointly held, in both names, they ar ...
Tuesday, 03 November 2009 06:12

Charging order

Written by Jon
Question: I am about to go bankrupt and my wife is hoping to buy my share of the equity when I go bankrupt. I already have a charging order against my house for one of my debts. Will this charging ...
Tuesday, 27 October 2009 03:24

Bankruptcy and Confiscation Order

Written by Jon
Question: I have a confiscation order against me for tax evasion and all my assets are now the subject of a court order. I have outstanding credit card debts and income tax arrears, Is now the bes ...
Friday, 23 October 2009 10:58

Bankruptcy Report

Written by Jon
Question: Can you tell me if i can get any help with obtaining my discharge letter whilst i am on income supprt and have been for last 3 years and for a llong future. the £60 for the letter ...
Friday, 23 October 2009 10:56

Trust Deed Payments

Written by Jon
Question: I entered into a trust deed at the end of 2007. My circumstances changed mid-2008, and I have only been able to make half payments since then. Does this mean my trust deed will carry on ...
Wednesday, 21 October 2009 06:58

Banking bankrupt daughters wages

Written by Jon
Question: My daughter is a bankrupt and after her bank account was frozen, she has been unable to open a bank account due to inability to prove her id. Since she has no bank account we have arrang ...
Saturday, 17 October 2009 11:48

Protected Trust Deed

Written by Jon
Question: My last payment to my trust deed is on 01/11/09 and I read somehere that you can request your credit rating to be amended to read 'all debts satisfied'. If this is true, how do I do this ...
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Our Services

If you have a serious debt problem, bankruptcy can free you from your debts within 12 months. As a solution for dealing with serious debt, bankruptcy is a last resort. Other debt solutions need to be explored first, to help determine if bankruptcy is the right debt solution for you.

 

Your financial affairs are put into the hands of an Official Receiver or Trustee, who will control all your assets - and if you own a property, this will also be included. These will be sold and the money used to pay as much as possible to your creditors.

 

There are consequences to bankruptcy which will affect your finances and work life. You may struggle to borrow money, for example, and will not be able to apply for certain jobs.

 

For some, bankruptcy is the right option and will put an end to pressure from creditors. Our team of experts are on hand to advise on the best solution to your debt problems - call now on 0800 002 9951.

 

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