What is Bankruptcy?
Bankruptcy is a form of insolvency, meaning most of your debts will be written off when you are in a state of severe financial difficulty. If you are struggling with debts that you cannot afford to pay, bankruptcy may be an option for you.
It may also be the case that you have been made bankrupt as a result of a creditor (someone you owe money) applying for you. In order for this to happen, you must owe a minimum of £5,000. A creditor is able to make you bankrupt without your consent. Whatever your situation, our team of bankruptcy solicitors are able to provide the appropriate advice.
How can our bankruptcy solicitors help?
Bankruptcy can be a difficult area of law to navigate. When you are bankrupt, various aspects of your life could be disrupted such as your home and job. At Morecrofts, we understand how stressful this situation can be. We have an award-winning team of bankruptcy solicitors that are able to ensure that you get the best outcome possible.
Bankruptcy is one of the multiple possible solutions available for debt repayment problems. We are able to use our expert knowledge to advise our clients on the best solution for them, helping them to avoid making costly mistakes.
Our team of bankruptcy specialists are able to advise you on a multitude of crucial factors, such as the consequences of bankruptcy and anything related to claims brought by your Trustee against you. We are also able to apply for a suspension of discharge from bankruptcy to end.
If you have been made bankrupt by others and wish to have the bankruptcy set aside, we can apply to court for this to happen for a fixed fee.
What should I do now?
Morecrofts is passionate about helping you to get the best possible outcome for your situation. To find out more or to speak to one of our bankruptcy experts, call 0151 236 8871, email email@example.com or use our contact form.