Bankruptcy Advice & Help
The bankruptcy proceedings have two of the following main objectives:
Bankruptcy is the only solution that the debtor can force their creditors to accept less than is owed to them. A bankruptcy solution has far-reaching implications on the client, it is generally viewed as a solution of last resort.
Some debtors would not be advised to petition for their own bankruptcy due to the negative impact this would have on their employment status:
Certain debts will still have to be paid by the debtor:
Bankruptcy Costs and Fees in the UK
In England and Wales:
In Northern Ireland: