Bankruptcy
Bankruptcy
Bankruptcy is the last resort and is only advised in extreme circumstances.
Associated with bankruptcy:
- Financial "last resort".
- Will eradicate your creditors (at the cost of your credit rating).
- There is a cost implication to the legal proceedings.
When declaring insolvency there are issues that will affect you in the future, these include a negative effect on your credit rating and a restriction on being a Company Director. We can offer you help and support, plus all the information you need before making a decision.
If you decide that there is no other option and become a client, Action Today can offer you advice and guidance and will take you through every step of declaring yourself bankrupt or insolvent. We can complete all the necessary forms and paperwork for you to sign and will in extreme cases discuss the option and related fees for us to attend court at the date of your hearing.
