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.
Bankruptcy factsheet
Pdf, 29.5KB
Published on: 19/09/2018