Bankruptcy law FAQs

 

Bankruptcy law applies mainly to individuals rather than companies, and defines a situation in which a court has decided that the individual cannot pay the debts they owe.

There are differing levels of bankruptcy, and even some alternatives depending on the situation. There might also be occasions in which the individual chooses to make themself bankrupt, rather than wait for a court to decide.

However it occurs there are implications for the individual which could last several years, and affect future credit.

For these reasons it's imperative to speak to a solicitor about any potential bankruptcy situation. Have a look at the information we've put together using the links on the right hand side, and if you need a solicitor please give us a call on 0800 1777 162 or fill in the web-form.

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