What is Bankruptcy?

You can apply to make yourself bankrupt if you can’t pay your debts.

How Bankruptcy Works

Entering into bankruptcy is a big step to take. But sometimes, you might not make this decision yourself. That’s because other people can make you bankrupt.
There are three ways you can go bankrupt. They are:

1. A creditor putting in an application for your bankruptcy,
2. Applying for bankruptcy yourself
3. Your IVA Supervisor petitioning for your bankruptcy.

We can help you understand all the above.

Find out if you qualify

Benefits

  • You could be discharged within 12 months
  • Can release you from creditor pressure
  • All qualifying debts written off

Considerations