What is Personal Bankruptcy?
Bankruptcy is a form of insolvency. If you are made bankrupt, you don’t have to deal with the people you owe money to yourself. A public official called an “official receiver” takes control of your money and property and deals with your creditors. Any belongings you own may be sold and used towards paying your debts, such as your house or car, and most types of debt are written off when you’re discharged from bankruptcy, normally after a year.
How our BLS Law can help
Our litigation team deal with bankruptcy and personal insolvency on an individual level. We have experience of dealing with:
- personal bankruptcy
- individual voluntary arrangements (IVA)
- debt relief orders (DRO)
- enforcement restriction orders
- county court administration orders
- and debt repayment plans
Get help today
Call our bankruptcy barristers in London today to get the help you need with personal bankruptcy. We have extensive experience and we pride ourselves on our high levels of service and care. We look forward to helping you.