Customer LoginBankruptcy could help you get rid of debt that would otherwise take years to clear.
Your steps from set up to completion
We’ll talk through your circumstances, and take a look at your income and outgoings.
We’ll give you free, impartial advice on a way to start becoming debt free.
If Bankruptcy is your chosen solution, we’ll guide you through the next steps.
You’ll need to pay the £680 fee for bankruptcy on the Insolvency Service website, which can be paid in instalments.
Is Bankruptcy right for me?
How it helps
You’ll usually be free of your unsecured debts after 12 months.
It’s a chance to make a fresh start with your finances once your bankruptcy has finished.
Your unsecured lenders can’t contact you or chase you for payments.
Things to consider
If you’re a homeowner, you may be asked to sell your home to pay towards your debts.
Details of your bankruptcy will be added to the Individual Insolvency Register.
Your credit rating will be impacted for six years.
To find other sources of free advice visit Money Helper. It’s here to listen and give free, impartial, trusted guidance. Based around you and backed by government.
To find other sources of free advice visit Money Helper. It’s here to listen and give free, impartial, trusted guidance. Based around you and backed by government.
Why Financial
Wellness Group?
We'll take the time to really understand you and your financial situation and make sure you have everything you need to make a real change.
Your financial situation is unique , so we'll tailor a solution just for you.
Whether online or over the phone, we'll give you all the advice and help you need.
Our teams are only targeted on getting the right solution for you.
Let's talk today
Answers to common questions
Will my home be at risk?
You may have to sell your home to help cover what you owe.
How much are the Bankruptcy fees?
In England and Wales, bankruptcy fees total £680 but fees vary in other parts of the UK. If you think you may struggle with the fees, you may be able to pay in instalments or receive help from the charity Turn2us. For more information regarding Bankruptcy in Northern Ireland please go here.
What is the impact on my Credit Rating?
As with all debt solutions, your credit rating will be impacted for up to six years.