Getting help with debt. All it takes is a quick chat to get started.
If you owe | £105,750 |
|---|---|
You might be paying | £1,200 per month |
You could be paying | £220 per month |
This could save you | £980 per month |
A sequestration (otherwise known as bankruptcy) is a process where a Trustee is appointed to act in the interests of those you owe money to (your creditors). Where there are insufficient funds available to pay your creditors in full the balance due to them is written off.
Benefits
- The Trustee (us) deals with all the creditors that are due money
- You are no longer chased for payment of debt
- You can see an end to debt worries
- You only pay what you can afford and you have enough money to meet your living costs
- You can live your life free of the debt burden
- The application process is swift and we help you complete the forms
Other considerations
- You are bound by the bankruptcy terms – You can’t be a director of a limited company or serve on a school board for 12 months
- Your credit rating is impacted which could cause difficulty in obtaining an overdraft or credit in the future
- If you own any assets these may need to be sold by your Trustee
- If you won the lottery or came into an inheritance or a windfall within the 4 year bankruptcy period the funds would need to be paid into the bankruptcy and you would only receive a surplus once the bankruptcy costs and debts are paid in full
Want to know if we can help? Find out here