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There are several implications of bankruptcy. Bankruptcy will place a whole manner of strict restrictions on yourself. That’s why you need to be absolutely sure that an IVA or other solution isn’t still an option to solving your problem.

If you do go bankrupt, you must not use your bank accounts and any credit cards you may have. Plus all your assets, including your home, may be used to pay off your creditors. So you can see that the implications are massive - and don’t just end there. Please don’t despair, we can help. Do not hesite to Call us free and we’ll ensure you get expert, honest and impartial advice about how bankruptcy will affect your individual situation.

It’s important to bear in mind that the effects of bankruptcy extend beyond just clearing any outsatanding debts.J ust as an example, you will not able to act as a company director without the court’s permission. And you may not be able to hold certain public offices or take on work with some employers.