10th Year Anniversary 24hr Bankruptcy Services, Free and Practical Advice
Bankruptcy.co.uk was established in 1998 and is a one stop shop for individuals and company directors experiencing difficulties in either their financial or trading positions. We specialises in the UK market and for British Citizens living outside the UK.
We have a dedicated online bankruptcy advice and information portal located here to furnish you with full insolvency advice.
Details of our services and how we can help you can be found here.
Feel free to contact us on our free phone number 0800 954 8022.
Because of our experience in this area of the law we often suggest solutions that other less experienced practitioners miss.
Our staff are friendly and trained to provide real debt solutions, including exploitable loopholes and constructive lateral thinking within the confines of current insolvency laws.
Our advisors are straight talking and speak in plain English to enable the process of instigating real changes and providing real solutions right from the start.
For a free consultation call us now on 0800 954 8022 and speak with one of our skilled advisors who can talk you through the process of freeing you from your UK debts.
Alternatively, complete our online questionnaire to enable us to get an accurate snapshot of your situation, so that we can provide you with individually tailored advice that suits your individual needs.
Managing your debt without help can be a very lonely and frightening experience. The world of debt and debt management is full of pit falls for the in-experienced. We will assist you every step of the way to ensure the desired outcome you wish to achieve is successful, whatever your financial needs.
As a result of worldwide economic and political conflict the UK has started suffering the drastic effects of the “The Credit Crunch”. People that, up to recently, have never considered being in a position of insolvency, may now be facing this situation.
We are seeing a large scale increase in the level of enquiries we receive on a daily basis. We believe that this trend is not only set to continue but to rise in the forthcoming months.
What does all this mean?
This means that people are not only realising that there is a need for action but are desperate for debt relief and to be able to “wipe the slate clean” if they can and start again or they need to salvage what they can out of their situation where right now the options for financial survival are extremely limited or non- existent. It takes the average person 9 months to realise that it is not a credit problem that they have but it is in fact a debt problem.
Not only are more homes currently being repossessed but the numbers are only set to rise as there is seemingly no light at the end of the tunnel. This means that people are going to have to make tough decisions if they are to have any chance of surviving in today’s financial climate.
The UK and most of the world has suffered and is suffering, a sharp decline in house sales, coupled with aa increase in loan repayments. It is sad, but true, that people are losing control of their homes, being forced into rented accommodation and are facing desperate circumstances.
People need help to establish the best option that they can take for the circumstances they are facing.
We consider that failure is not an option. We will try our level best to provide you with a series of options to consider that will provide alternatives to the situation that you may be facing.
The UKB Group is headed by Directors who are entrepreneurs themselves and are aware of the challenges and tests that the commercial world forces people to face. The group itself is dynamic and is pleased with the positive insolvency options that it is able to make available for clients to consider taking.
As a company we try to out-perform most of our competitors in respect to speed of response and getting the job done.
We want the clients who entrust their future to us to survive and thrive, unlike a huge percentage of the competition that only exist to either sell a client an Individual Voluntary Arrangement or Debt Management scheme. We would like to point out that we are not adverse to these alternatives, but we are adverse to them when innocent people are unfortunate enough to contact unscrupulous firms where the client is miss-advised or miss-sold the wrong debt solution so that the provider of the service can generate substantial fees - substantial meaning on average between £4-10,000.00+ in fees generated. You only have to pick up the yellow pages to see who these IVA providers are.
When you are looking for advice, you need a balanced view of what options are available. We advise anybody with serious debt problems that they must first face up to and acknowledge how the debts arose. When our advisors speak to you, they need to identify exactly what the circumstances are that you are facing. We need to know this in order that we know where to start and what to advice and options to provide you with.
Whether you are a director, sole trader employed or self employed we are able to provide you with insolvency advice across the board.
We provide a free review of your circumstances. We will then be able to offer you a number of alternatives that you can consider. If you are happy with the options that you are provided with, you can then decide if you would like to proceed with us. There is no obligation to take up our services - although for most of our clients it is the best money that they have spent. The reason for this is that with serious financial difficulties you can be left in the dark and helpless for months if not years. You can feel let down and exhausted just trying to find the right person that you think you can communicate with and that you feel can understand your problem.
By contacting us you can be assured of an assertive contact from an advisor that not only understands the position that you are facing but is also willing to try and provide with some options as soon as possible.
If you are in Debt Management or an Individual Voluntary Arrangement we will carry out a free review of your circumstances to ascertain whether or not you are in the best debt solution for you. Further, what might have been correct for you in the past may not now be the best option available if there has been a change in circumstances. If we believe that you have been miss-sold then we can arrange for you to take advice about taking action against your provider for possible negligence. If successful this course of action would result in you being restored to the same financial circumstances as you were in before you entered the arrangement. In some cases, this will result with all your IVA payments being returned to you.
As previously mentioned, our advisors will help to establish a number of options that you can consider. Our advisors are professionals with the ability to think outside the box and will try their hardest to protect your position if there is a way of doing so.
It is frightening and daunting to be in debt if you can see no way out of your situation. It is hard to know what to do and where to go for help. It is a minefield out there trying to get the right information and knowledge.
Sometimes we have to make difficult choices and if you are in debt and are struggling to really know what to do then please call us or fill out the on-line questionnaire below with a preferred time to call and we will aim to answer your call promptly. In many instances you can expect our advisors to be able to understand and emphasise with your circumstances. If we can help you we will. We endeavor to provide a fast and efficient service and, subject to circumstances, we negotiate with your lender and if feasible can provide contractual and financial assistance.
We have access to private investment finance that can sometimes buy or negotiate a settlement that can avoid your house being repossessed.
We can advise you on “Restart” products and services that will help to re build your credit file and get you started again with managed bank accounts and pre-paid Master Cards that will help you to get going that much quicker than if you were left to fend for yourself.
Bankruptcy is a legally declared inability or impairment of ability of an individual or organisation to pay their creditors. A declared state of bankruptcy can be requested by creditors in an effort to recoup a portion of what they are owed; however, in the overwhelming majority of cases, the bankruptcy is initiated by the bankrupt individual or organisation.
It is a generally held misconception that bankruptcy is punitive and that bailiffs will seize your goods and chattels leaving you a chair, knife and fork and a change of clothes. This is completely and utterly false. You enter the protection of a bankruptcy order to do exactly that; to protect yourself from creditors and allow you to wipe the slate clean and to get a fresh start...
All too often people who would benefit greatly from the protection of bankruptcy dismiss the idea out of hand due to nothing more than misplaced fear caused by simple lack of knowledge of the facts...
Remember that we are detached from your situation so we can review your position objectively. We intend to provide you with insight and a new direction to steer your way out of the financial situation you may find yourself in presently. All our staff are experienced, helpful, discrete and friendly, we pride ourselves in analysing difficult and complicated problems quickly and efficiently.
We are geared to provide motivation and the will to recognise that change needs to occur if you are to achieve financial security.
