IVA Debt Management
Bankruptcy is a way of dealing with debts that you are unable to pay.
When you are declared bankrupt assets owned by you might be used to pay off your debts. After one year all of your outstanding debts are written off and you can make a fresh start in your life.
Bankruptcy is one option although there are other alternatives to become debt free. Our advice is speak to an expert and make sure you have explored every alternative.
We have provided a list of
frequently asked questions and answers relating to
bankruptcy advice and options. Please review them and let us know if you have any questions for our resident expert.
What are the alternatives to bankruptcy?