Bankruptcy FAQs

If you are facing bankruptcy, it is essential that you go in to the process with your eyes open to the impact it could have on your future. That includes knowing which debts you may still be facing during the bankruptcy or after it has finished.

Both bankruptcy and an IVA (Individual Voluntary Arrangement) are forms of insolvency, but they work in different ways. Read on to find out which one might be better for you.

This is a question that gets asked a lot and the short answer is that filing for bankruptcy costs £680. For people that are already feeling the effects of financial hardship, this is obviously a lot of money.