Our online debt help service, CCCS Debt Remedy, can help you find the best debt solution for your circumstances. It could be that bankruptcy is the best option for you, but there might be other, more suitable debt solutions.

Whatever the best course of action for you may be, we can help you every step along the journey to becoming debt free.

Bankruptcy process

Going bankrupt is only a suitable option if you are insolvent. This means that your debts outweigh the value of your assets (like your home or your car). You make yourself bankrupt by submitting the relevant forms to your local county court and paying the bankruptcy fees. If the bankruptcy is approved, your debts are written off and your creditors are unable to take any further action against you to recover the money owed to them.

However, going bankrupt is not an easy way out of debt. When you go bankrupt you are subject to various credit and business restrictions. Also, your assets are at risk because they could be sold off to pay creditors.

Free bankruptcy advice

We offer free, confidential advice on all kinds of debt problems and can advise you on bankruptcy and other types of debt solutions. Use CCCS Debt Remedy to find the best debt solution for your circumstances.