Bankruptcy is a form of insolvency that writes off debts if you can't afford to repay them, giving you a fresh start. It's a legal process that's suitable if you have little hope of repaying your debts in a reasonable amount of time.
When you make yourself bankrupt nearly all your unsecured debts are written off, which lets you make a fresh start. In some cases, your creditors can choose to make you bankrupt. However, bankruptcy has serious implications and shouldn't be undertaken lightly
With 25 years' experience offering free debt advice, we'll work with you to see if bankruptcy is the right solution for you. We'll also consider a wide range of other solutions that could be suitable for your situation.