Advantages of Bankruptcy
Bankruptcy is not always desirable, but sometimes it is inevitable. While we will do everything we can to help you avoid a bankruptcy, it is important to see both sides before making a decision. This Short Questionnaire to discover if you should even think about filing for Bankruptcy.
Here is a short questionnaire. Answer the questions truthfully, for the best possible indicator of whether you need help. If you answer yes to the majority of these questions, it is possible that you should consider speaking to an Insolvency specialist about bankruptcy or other Insolvency opportunities.
- Do you have multiple credit cards all at their limits?
- Do you have a store card that you only pay off the minimum balance each month?
- Are you overdrawn on your overdraft?
- Do you find it impossible to get credit?
- Do you avoid answering the telephone because it's always the bank?
- Can you no longer afford to meet a repayment plan that you've agreed with one or more creditors?
- Does your income no longer or only just meet your expenditures?
- Do you put all your bills in a pile and avoid opening them?
- Are creditors threatening court action?
If you said yes more than no to the above questions then you should seriously consider speaking to a bankruptcy specialist. Living in misery and worry over financial problems isn't going to help them go away. You can do something about it now. Anyone individual can petition the court to make themselves bankrupt, if they no longer have the ability to repay their debts. A creditor who is owed more than £750 can also petition to make you bankrupt too. There is a range of possible solutions, so talking to someone about it today will reduce the worry and stress quicker than putting it off until tomorrow.
For free confidential, impartial advice contact us on free phone: 0800 804 8020.