http://www.debts.org/index.php en info@debts.org Copyright 2008 2008-12-01T15:28:00+00:00 http://www.debts.org/11/index/bankruptcy/ http://www.debts.org/11/index/bankruptcy/#When:18:18:00Z Bankruptcy should never be seen as an easy way out.  While it does clear debt and no longer has a stigma attached, bankruptcy is still a very serious proposition and one that should always be treated as a last resort. We could be able to help you clear your debt without losing your home. How we can help you As leading debt specialists, we are exposed to all types of debt problems that call for different debt solutions. Bankruptcy is often a knee-jerk reaction by people who are  anxious about mounting debt. We would like to discuss your situation, offer advice and explore your options – free of charge. We can advise you whether bankruptcy is your only option or whether a less drastic alternative is available to you. Bankruptcy Alternatives Even if you have already applied for a Debt Management Plan or Individual Voluntary Arrangement (IVA) we would still like to hear from you. We are not only a debt specialist but are also part of large insurance company, which means we have the financial expertise to help people where other companies fail. 10 Reasons Not to Choose Bankruptcy 1) Lose your home – you will lose your property to repay creditors2) Credit implications – bankruptcy can remain on your file for 10 years3) Future borrowing – will be more difficult and expensive4) Lose your car – vehicles worth over £3,000 are retrieved5) Publicity – your bankruptcy will appear in the London Gazette6) Business – your business is likely to be shut down7) Career – certain job positions may be off-limits8) Alternatives - you may be able to arrange an Independent Voluntary Arrangement, a debt consolidation loan or a debt management plan (DMP) instead, which don´t have such severe consquences as bankruptcy9) Self-esteem - Although bankruptcy does not carry the same stigma it once did, losing your home and your possessions can badly affect your self-esteem and your health.10) The family - Bankruptcy can mean major upheaval for your family, and could result in you losing your home.  Children may have to move schools and areas which can be disruptive to their education. Contact Us Debt is one of the main reasons for stress and can result in the breakdown of health and relationships. Bankruptcy has the potential to make matters worse if it isn’t completely necessary. Give us a call today on 0800 520 0923 or simply complete the online form for bankruptcy advice you can trust. Our friendly and professional advisers are waiting for your call. Bankruptcy 2007-10-30T18:18:00+00:00