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credit Archives - Bankruptcy UK



When is my name removed from the Insolvency Register?

When is my name removed from the Insolvency Register?

Your bankruptcy is completely removed from the Insolvency Register 15 months from the date you entered into bankruptcy or 3 months after discharge. The Insolvency Register (Google it) is a public record of all those persons currently involved in Debt Relief Orders, Individual Voluntary Arrangements and Bankruptcies i.e. court sanctioned arrangements.

You are automatically discharged after 12 months and in some cases people are even discharged before the end of the 12 month period.

For those that for whatever reason have entered bankruptcy either voluntarily or involuntarily and have failed to cooperate with the Insolvency Service or trustee then there is a strong chance that they will have what is known as a bankruptcy restriction order against them. This can happen sometimes for innocent reasons such as moving home and not receiving letters from the Insolvency service. Or simply because there is sensitive information that is being requested that people either really don’t wan to answer or haven’t got or don’t know how to get information that is being requested. there is also the people who are just afraid and go into their shell and cant face what needs to be dealt with. Or they simply couldn’t find someone to assist them.

These include persons whose circumstances are unlikely to change viz. pensioners, people on DLA, etc. It is important that you obtain a certificate of discharge when you have completed the 12 month period and submit copies to the three main credit reference agencies, as there can be delays before information is updated. There is a charge for the discharge certificate, but it’s worth paying.

Bankruptcy UK has been helping people with insolvency since 1998 and will guide you through the process step by step. We will avoid jargon and confirm all discussions by email within 30 minutes. Call us for a chat about your circumstances on 01425 600129.

Bankruptcy Options | Stay in control with your options

Bankruptcy Options

Is bankruptcy really the only way out?

Ordinary people often don’t understand the language used in insolvency or bankruptcy matters. People are afraid of the letters and are put off by the fact that they don’t actually think they can do anything about it.

We are expert Insolvency problem solvers and the first task conducted by us to to ensure that the person grasps the meaning of what is exactly happening and the implications if they fail to respond properly to action that is being taken against them.

Bankruptcy options
Bankruptcy options

Here is one example of the questions we receive. Please be sure to look through our other bankruptcy questions.

My husband has divorced me from his finances. I have been dependant on him for the last 3 years as I am a live at home mother. When I met him I had a £50,000 liability to Northern Rock for a 120% mortgaged property that was repossessed and I have been repaying the shortfall for the past 4 years.  I have two other debts which are credit cards totalling £7,000.00. I am just wondering if there is any other option.

We could try a full and final settlement with Northern Rock and then obtain a payment holiday with the possibility of freezing the interest payments and reducing the payment down to £1.00 per month for a period of 6 months. This would give you the opportunity to get yourself repositioned and placed where you have an income and can manage your debts independently without 3rd party assistance. In many instances we are able to negotiate positive solutions with lenders that people generally are not aware of.

However, this will require you coming up with some money and if this is not possible bankruptcy is without doubt the best solution, as the amounts involved are sizeable. A plus point is that you will not have to attend court as everything is processed online and over the phone.

Bankruptcy UK specialises in taking people through the bankruptcy process in a straightforward manner. We will assess your circumstances then submit the bankruptcy application online. Court appearances are no longer required for bankruptcy.We are available to speak to you now T: 01425 600129.

Online Bankruptcy Service

Online Bankruptcy Service

At Bankruptcy UK we will quickly provide a solution for your particular circumstances. Although we do not offer direct advice, we will provide you with more than enough information to make an informed decision.

It is our view that people often make better decisions when presented with impartial information, rather than being told what to do. After all, many of us would hardly have taken financial products had we been given all the information we required upfront. The truth is many of these financial services were sold by advisers based solely on what was most profitable for the company and not what was in the best interests of the client.

Bankruptcy.co.uk will assist all parties, from private individuals to self employed sole traders and business owners. Unlike other debt solution providers, we provide assistance across the board and are not restricted to any particular part of the market.

Due to regulation changes that took place on 6th April 2016 you no longer have to attend court for bankruptcy. The bankruptcy process is now conducted online. If you are looking for help and assistance or simply want some information, call our helpline.

If you cannot afford the bankruptcy fees, we can provide you with access to 48 charities and businesses that could provide you with financial assistance.

Our online bankruptcy service will relieve you of the pressure of having to tackle the online application, which in many cases is designed to trick the applicant. Remember, one of the objectives of the Official Receiver is to place you in an Income Payments Agreement and mistakes made on the application – and particularly the income and expenditure – could cost you dearly.

Bankruptcy UK offers bankruptcy help across the board and will submit your application online. Court appearances for bankruptcy are no longer required. Feel free to call us on 01425 600129 for a chat about your circumstances.

How can I get a bankruptcy discharge certificate?

I filed for Bankruptcy in 2007, but never received a Discharge Notice. How do I apply for one please? I still have the original papers, because I was told I would have to wait 7 years to apply for a discharge, but is this no longer the case?

You would have been automatically discharged after 12 months and removed from the Insolvency Register 3 months later, but if you are looking for an actual discharge certificate you will need to contact the Insolvency Service on 0300 6780015. We not certain there is any point in doing this after all this time, but for the benefit of other readers, it is worth obtaining the discharge certificate and sending copies to all of the credit reference agencies.

The agencies are slow to update credit files and we’ve heard of cases where people are still being listed as bankrupt two years after discharge. Needless to say, this does little to help those trying to improve their credit ratings.

Bankruptcy UK will guide you seamlessly through the bankruptcy process as we have been doing since 1998. We will avoid jargon and confirm all discussions by email within 30 minutes. Call us for a chat about your circumstances on 01425 600129.

Personal Bankruptcy Help

Bankruptcy Advice



Are you looking for personal bankruptcy help?

If you feel that you have no hope when it comes to paying off your debts within a reasonable timeframe, it is likely that you may need personal bankruptcy help.
This is a legal procedure for people whose circumstances and situations are unlikely to change in the future.

Bankruptcy isn’t right for everyone though so the best thing you can do right now is to give us a call so we can discuss your options and make sure that this is the most suitable route for you.
Unfortunately, sometimes the debt just takes over but you need to take control of the situation and get things back on track. Once you are bankrupt your creditors, by law, must then stop calling you, or harassing you.
The threatening letters will be gone and the daily post, phone calls or a knock at the door won’t be people chasing you for money.

Don’t let your creditors take you through the court system or wait for the Bailiff to come knocking at your door. Your personal debts or your unsecured debts (personal loans, credit cards and mobile phone account debts to name but a few) are all cancelled out if you decide to take out a personal bankruptcy.

We simply provide a seamless and straight forward service from preparing all the relevant paperwork through to organising the court appointment. You will have everything you need in order to make an informed decision. Your peace of mind and satisfaction is our main objective.


Are you looking for personal bankruptcy help? Call us today on 01425 600129





Personal Bankruptcy Services




Are you looking for personal bankruptcy services?

There are a lot of companies out there presenting this service. As there are no FCA regulations or guidelines in place governing debt advice, how do you know who to trust?

We believe this all comes down to 3 things; experience, professionalism and customer satisfaction. Not only have we been doing this for many years with distinction, but our clients are delighted with the help they receive from us. We guarantee personal satisfaction and challenge you to find a better service.

Don’t let your creditors take you through the court system or wait for the Bailiffs to come knocking at your door. Your personal debts or your unsecured debts (personal loans, credit cards, etc.) are all liquidated if you decide on personal bankruptcy. To understand more about the options and to put together a plan of action, give us a call today.

Once bankrupt your creditors are obliged by law to stop contacting you. The threatening letters will stop and you can start to live your life again knowing that your daily post, phone calls or a knock at the door will not be people chasing you for money.

If you are looking for personal bankruptcy services call us now on 01425 600129

Get Out Of Debt Free

Bankruptcy Advice
Bankruptcy Advice



Are you ready to get out of debt free?


If you answered yes to the above then the time to address your financial situation is imminent.

Let’s focus on that word FREE. They say nothing in life worth having comes for free right.
Well they were wrong. If you are struggling to make those credit card or loan repayments, tired with dealing with the banks and debt collectors or even had to take out a payday loan to make ends meet – we want to hear about it. It’s time to let go of any frustrations or guilt that you may have surrounding your debt problems or spending habits. There was no malicious intent here. You were living the dream just like everybody else was.

There is light at the end of the tunnel. We know how to handle the people who are chasing you. We understand the documentation that they require and we are experts in challenging their procedures. In our experience, it is often the case that the situation is not quite as bad as it may seem.
It’s important to remember that every problem has a solution.

Can you imagine being able to do anything you want with the money you make because you are debt free? Living debt free is one of the most important things you can do in choosing to live a simpler, stress-free life.


We are proud to announce that our clients are always happy with the outcome we provide for them.
Whatever personal debt you have – get ready to say goodbye to it for good!

The time to get out of debt free is now, call us today on 01425 600129

Bankruptcy Services Companies





Are you ready to take the bankruptcy step?

It really isn’t as dramatic as it sounds. Nobody ever plans to be in this position but these things happen and before you know it, the debt is on top of you or has taken full control.
You shouldn’t have to deal with threatening calls from creditors or worry about your belongings being repossessed. Life can be hard enough so we don’t need debt collectors making it tougher.


You can do something about it though. Don’t let your creditors take you through the court system or wait for the Bailiff to come knocking at your door. Your personal debts or your unsecured debts (credit cards, store cards, personal loans, utilities or mobile phone account debts to name but a few) are all cancelled out if you decide to take the bankruptcy step.

To understand more about how this option can have a positive impact on your circumstances, or to identify the cause of your difficulties and formulate a realistic strategy – give us a call today.

Once you are bankrupt your creditors, by law, must then stop calling you, or harassing you. The threatening letters will stop and you can start to live your life again knowing that your daily post or phone calls won’t be people chasing you for money You can also open your front door with confidence. Imagine it being someone there that you actually want to see or were expecting to hear from.

Are you ready to remove the financial strain from your life and finally make things a lot simpler than they were before? Of course you are. You wouldn’t be reading this if you weren’t.

Now – you are you ready to take the bankruptcy step so call us now on 01425 600129

IVA Payments

bankruptcy-solicitorIVA Payments


I’m thinking of abandoning my IVA. I am two and a half years into an IVA and wondering if bankruptcy might have been a better solution. My total debt is £35,000 from loans and credit cards. My only asset is a car worth about £800 and I live in rented accommodation.

My IVA payments take into account total household income despite the debts having nothing to do with my partner, I had them long before meeting him. I have to pay 50% of household expenses, but my IVA payments company says he should pay more, as he earns more. How can this be right, seeing they aren’t even his debts?

Although it’s true that total household income is taken into account when assessing affordability, it should only be what he contributes to the household that should be considered and not his entire income.

Therefore, if he earns £1200 per month but has personal expenses of £400 (loans, credit cards, etc), then only £800 should be considered. The IVA company is almost certainly aware of this, but will milk the situation for all it’s worth as this is their income – don’t believe for a minute that your payment is going to the creditors.

However, what concerns us more than anything is why you are in an IVA in the first place, as you have no assets. You will definitely keep the car and the rental isn’t under threat. IVA companies are ruthless exploiters of people’s fear of bankruptcy and rarely, if ever, fully explain both options when approached.

The first 20 payments of an IVA go directly into the IVA companies’ pockets and not a penny goes to the creditors. In fact, in most cases, the original creditors would have long since sold the debt on to third party debt collectors and these are the people who will eventually receive a trickle of money from the IVA company. Our speciality is taking people out of IVAs and into the protection of bankruptcy, so call us for a chat if you need assistance.

Bankruptcy UK specialises in taking people through the bankruptcy process and submitting bankruptcy applications online. Court appearances are no longer required for bankruptcy. Call us for an informal chat about your circumstances on 01425 600129.

Will my credit rating ever recover if I go bankrupt?

Yes it will and faster than you think, as Mortgage Brokers have confirmed that it is now possible to arrange mortgages for discharged bankrupts within three years, provided there has been no trouble in the interim.

We guide a lot of people through bankruptcy and have heard of many cases where people are buying furniture on finance just 18 months after discharge, so there’s plenty of hope. To aid recovery, it’s important that you apply for one or two of the ‘credit repair’ credit cards (Capital One, Vanquis, Aqua, etc.) as soon as you are discharged and make regular small purchases and payments in full.

The reason for this is that payments record as a ‘O’ on your credit file i.e. a successful payment and a string of zeroes next to any financial transaction racks up the points on your credit score. Likewise, internet providers such as Virginmedia and BT also have contracts in place which record zeroes for successful payments.

People think that banks will never take a chance on former bankrupts, but we beg to differ. Former bankrupts are completely debt free and are the customers of the future, something the banks are readily embracing.

‘Will my credit rating ever recover if I go bankrupt?’ is just one of the dozens of questions we answer every week here at Bankruptcy UK, but we’ll gladly talk to you in person if you call us on 01425 600125.  We look forward to talking to you.



Bankruptcy UK

Bankruptcy UK