Areas of Law / Bankruptcy Debt

It is a fact of modern life that many people face  bankruptcy and debt problems. Financial difficulties can arise due to a number of reasons, not all of which are under your control.

We are now in an age where debt and financial issues are becoming an accepted norm for people. With property prices and rents at an all time high, and credit freely available, more and more people are finding that they are unable to meet financial commitments and struggle to repay their debts.

Failure to manage your finances can have serious consequences that may follow you throughout your life. Debt problems can quickly spiral out of control and ignoring creditors and debts will only make the situation worse, so it is important to seek legal advice as soon as possible.

Whatever stage you find yourself at, whether you are only just starting to miss monthly repayments, or are being threatened with court action; addressing debt at the earliest possible opportunity is crucial for those who wish to move forward with their lives and attain the lifestyle and home they aspire to.

Bankruptcy and insolvency specialists can hep with

  • Bankruptcy
  • Debt Management
  • Financial Crisis Management
  • Individual Voluntary Arrangements (IVA) 

Review our free legal advice questions to get the answer to your bankruptcy or debt question and get piece of mind that you’re not alone, help is at hand to get you back on your feet financially.

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Bankruptcy Debt Questions

My girlfriend and her children are about to move in with me. She has debts of several thousand pounds, but repayments were frozen at £1 a week following a court judgment. Will the court increase her weekly payments when she starts living with me? Could I become liable for her past debts?

Our house was repossessed four years ago. Now the mortgage people have been on to us to see if they can recover any more money. They have already sold the house and taken our life insurance policies and everything else they could get their hands on. What can we do? Would it be advisable to go bankrupt?

My house is due to be repossessed in a few weeks time, will the loan company be able to take any of my other assets, or go after my savings?

I declared myself bankrupt two years ago when my debts reached £20,000. I have now been discharged, but although I made regular payments to the trustee they are now asking about my pension. Is this also at risk?

Could a discharged bankrupt be charged with any offence for not disclosing their bankruptcy on a job application form?

I was declared bankrupt in 2011 and discharged in 2012. I’’m being told that the trustee in bankruptcy is entitled to any money or assets I have made. Is this correct?

After my divorce a routine credit check uncovered three pages of County Court judgments and defaults listed against me and my former wife. I knew nothing about these and can only assume my wife had been forging my signature from the early days of our marriage.

Some time ago I got into financial difficulties and got behind with my payments to a finance company with whom I had an HP agreement. They sent me reminder letters and charged me £15 for each one sent, adding the amount to my outstanding balance. Are they allowed to do this?

When I was about to move house I paid a builder a deposit of £2,000 for materials, but a short time later I discovered he had declared himself bankrupt. I know his wife has just come into a large inheritance: they have a number of horses, more than one car and a mobile home, but the builder’s trustee in bankruptcy doesn’t seem to have uncovered any of this.

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