Bankruptcy

What is Bankruptcy? If you are struggling with substantial amounts of debt and find yourself in a position where you cannot afford to repay your creditors, you could be classed as insolvent. Bankruptcy is a type of debt solution that enables people in such circumstances to deal with their debt problems, eventually...
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To begin the process, you will need to complete a Bankruptcy petition. Once this has been filed, a date will be set for the initial court hearing. This hearing will determine whether a Bankruptcy Order should be made or not. If it is granted, you will be declared Bankrupt. Creditors can...
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Is Bankruptcy the right solution for you? Many people in debt think the only option available to them is Bankruptcy, but there could be other solutions such as a Debt Management Plan, IVA or Debt Relief Order available to you. As part of our Bankruptcy support service, we will discuss your current...
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Advantages of Bankruptcy Protection: Once you have been declared bankrupt, creditors can no longer chase you for outstanding unsecured debts. Clear debts: Although restrictions apply, Bankruptcy can free you from unsecured debts. Peace of mind: Bankruptcy is one of the most severe debt options available to people who are struggling to repay debts,...
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What is a Statutory Demand? If you have consistently missed repayments on your debts, you could receive a legal notice called a Statutory Demand asking you to settle your debts in 21 days. The Statutory Demand is issued by a creditor’s solicitor – highlighting that your debts are now becoming a...
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How do I contact Baines & Ernst? How do I declare myself bankrupt? How much will it cost me if I go bankrupt? What will happen at Court? What are the effects of Bankruptcy? What will I have to do if I go bankrupt? What assets can I keep if I’m bankrupt? How do I contact Baines...
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