Sundry debt collection and bankruptcy
We can apply to the court to petition for you to be made bankrupt if your debt is more than £5,000.
Bankruptcy is a serious matter. If you become bankrupt:
you will have to give up any possessions of value and interest in your home
your credit rating will be affected
you will find it hard to get a loan or credit cards
any business that you run will almost certainly be closed, and your
employees will be dismissed
certain restrictions will be imposed on you.
Published on: 19/09/2018