Bankruptcy means you don’t have to drown in debt…
How would you feel if you could talk to someone who could guide you through a process that quickly clears every one of your debts, stops calls from angry creditors and replaces fear with confidence. Bankruptcy can be a very practical way of dealing with difficult debts.
It takes just a 5 minute chat to find out if bankruptcy is the best solution for you.
Bankruptcy
Watch this quick introduction
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Bankruptcy
- Bankruptcy is only an option if you are not in a position to pay your debts
- When declared bankrupt a court will appoint an official receiver to manage your financial affairs who may choose to sell off some of your assets to pay your debts.
- Bankruptcy itself normally lasts for 1 year but the fact that you have been made bankrupt will remain on your credit file for up to six years.
- Bankruptcy is a serious step and there may be better solutions to your financial situation
Real Example of Bankruptcy
Before
Anyone’s circumstances can suddenly change sometimes causing havoc with even the best financial plans. Sadly this is what happened to a woman we shall call Client H.
She was managing to pay £699.16 every month to tackle an overall unsecured debt of £34,958. Then things changed resulting in a divorce, a significant drop in income and subsequent inability to pay her debts.
Anyone’s circumstances can suddenly change sometimes causing havoc with even the best financial plans. Sadly this is what happened to a woman we shall call Client H.
She was managing to pay £699.16 every month to tackle an overall unsecured debt of £34,958. Then things changed resulting in a divorce, a significant drop in income and subsequent inability to pay her debts.
After
Her approach to Smooth started the successful process of dealing with her debt. After carefully examining her financial circumstances it was agreed that bankruptcy was the only route to take.
We handled all the creditors letters and phone calls, prepared documents for the court and paid the court fees up front.. The initial debt of nearly £35K was wiped clean.
Her approach to Smooth started the successful process of dealing with her debt. After carefully examining her financial circumstances it was agreed that bankruptcy was the only route to take.
We handled all the creditors letters and phone calls, prepared documents for the court and paid the court fees up front.. The initial debt of nearly £35K was wiped clean.
If you think you’re not in a position to pay your debts, maybe bankruptcy is the answer for you..
To find out call us now on 0800 027 5425