Personal Bankruptcy

Personal Bankruptcy Advice
Just-Debts provide Personal Bankruptcy Advice for those individuals who have either been made bankrupt or wish to avoid bankruptcy. We deal with individuals with serious financial problems, often unable to find good quality practical advice.

Avoiding Bankruptcy
If the proceedings have been threatened or even commenced against you, it may still be possible for you to avoid bankruptcy. You will need to seek advice as soon as possible. Once a Bankruptcy Order has been made it is expensive and time consuming to get it annulled (reversed). Just-Debts can help you to put forward an IVA to your creditors. One of the effects of an IVA is that once applied for an Interim Order will prevent the bankruptcy proceeding until your creditors have had the chance to consider your IVA Proposal. Alternatively, it may be possible to raise funds against property assets to pay off the petitioning creditor.

Call Just-Debts for free bankruptcy advice on 0800 915 3950.

Getting out of an Existing Bankruptcy
We have seen a rise this year in people made bankrupt for non-payment of Council Tax. The initial sum involved is modest but the consequences if you don’t act quickly are severe. Often the key to resolving the bankruptcy is to get the bankruptcy annulled. This is possible when you have sufficient assets to be able to pay all of your creditors in full. This is usually done by either a re-mortgage of your home or a family member paying off the debts. Once the Court is satisfied the funds are available to pay all bankruptcy debts and costs they have the power to annul the bankruptcy. It is possible to have the bankruptcy annulled if an IVA is approved by your creditors.

Call Just-Debts for free bankruptcy advice on 0800 915 3950.

Already Bankrupt, Trustee trying to take your home?
Once you become bankrupt your assets, including your share in your house vest in your Trustee. The Trustee has three years to realise this interest or they will lose all rights to it. Since June 2004 we have dealt with hundreds of bankrupts/discharged bankrupts who need to raise money by re-mortgage so they can buy back their share of their home or start afresh. Just-Debts has contacts with specialist mortgage brokers who can assist in raising funds in these difficult circumstances.

Call Just-Debts on 0800 915 3950 for free bankruptcy advice.