Areas of Law / Bankruptcy Debt

A few years ago my husband was taken seriously ill and had to give up his job. We have sunk deeper and deeper into debt, and now owe more than £50,000 on credit cards with no chance of paying them off. Would our creditors make us bankrupt if we tell them the situation?

If you do nothing it’s likely that you will eventually receive County Court claims and incur legal fees which you will also become responsible for. I suggest you take advice immediately: there are a number of free debt counselling services, including The Citizen’s Advice Bureau. They will negotiate with your creditors so that you can perhaps pay back a manageable amount. Most creditors would prefer to receive something, however small, rather than nothing at all but bankruptcy may be your best option.

What our clients say about our lawyers

Very useful and professional advice, thank you.

Another Happy Customer

Read More

About Us

Leading legal advisors, problem solvers – all round good guys! We’re firm believers in a practical, no nonsense approach to law. Forget the jargon, we like to keep it simple – why complicate matters? No stress, no worry, just straightforward solutions to your legal issues. Free legal advice at your fingertips, from the experts to your inbox. is owned and operated by Farleys Solicitors LLP, a member of The Law Society and is regulated in the practice of law by the Solicitors Regulation Authority, Registration No: 484687. Any advice given on this site or in response to any question is only applicable to the law of England and Wales.

Privacy Policy | Terms