No. There are very strict rules in place relating to disposal of assets. Whilst you are free to sell your assets before being made bankrupt, you must be able to prove that you sold them for their true, market value. You would also need to account for the proceeds of the sale i.e. if you [...]
It is a criminal offence to borrow more than £500 when you are Bankrupt, without disclosing that you are bankrupt. It is extremely unlikely that you will be offered any form of credit whilst bankrupt. See further guidance and CVL frequently asked questions.
In some cases, you may be subject to an Income Payment Order. This would mean you could are required to make monthly payments to the Official Receiver for up to 3-years after the bankruptcy order is made. This will only normally apply if you have a surplus income of over £20 per month.
No. Call us straight away on 0800 1804 933, in most cases we can prevent CCJ's from being enforced by bailiffs if we are instructed early enough.
It may be that declaring bankruptcy is the right solution to your debt problems however, you should take professional advice before proceeding with this. There are lots of other personal debt solutions available and it is vital that you have considered all these before going bankrupt. Once we understand your financial circumstances, we will explain [...]