We can help take debt worries out of your life.

Frequently Asked Questions

1) What if the Judge refuses my bankruptcy?
A district Judge has to be satisfied that you have received advice about bankruptcy, that you are eligible for it, and that you are aware of the consequences of being made bankrupt.

However this is a good question which is why we believe you should never be advised to pay in advance for bankruptcy assistance, any company sure of its service should not ask for up front fees and leave you to the mercy of the court. As part of our service we are with you on the day and that is when you pay our fee, if you are not made bankrupt you will leave court with every penny you came with and the taxi home will be on us, however as we conduct proceedings in over 50 County Courts in England and Wales we are confident in what we do, therefore this means if it don't happen, you don't pay.

2) How long will it take to make me bankrupt?
To begin the process we first of all need to meet up with you so as to prepare your statement of affairs and debtors petition. Afterwards we book an appointment with the court for the bankruptcy hearing, which we will attend with you. The court hearing will take half a day and can often be arranged within two weeks of your initial call.

3)Do I have to attend an interview with the official Receiver

Most people will be interviewed by the Official Receiver about two weeks after the bankruptcy order has been made. Normally this is over the telephone at your home or place of work, but sometimes it can be at the Official Receivers office if you have been in business or have especially large debts or unusual circumstances. As we have completed your statement of affairs and having attended many interviews over the years we are able to guide you as to what questions you may be asked allowing you to be prepared in advance allowing the interview to run as smoothly as possible.

4) Do I lose my home, car and furniture and possessions if I become bankrupt?
Unless purchased under a current hire purchase agreement, you can keep the following items unless their individual value is more than the cost of a reasonable replacement, when you go bankrupt:

Tools, books, vehicles and other items of equipment which you need to use personally in your employment business or vocation;

Clothing, bedding, furniture, household equipment and other basic items you and your family need in the home. You also need not necessarily give up your home.

5) Can I still have a bank account if I become bankrupt?
Yes you can have a basic account of a paying in facility, direct debit facility for paying your bills and a card to take cash from a machine.

6) Where can I find out more about bankruptcy?
The insolvency service has published a Guide to Bankruptcy available at most Citizens Advice Bureaus or we can give you a copy.