When you have mounting debts with no prospect of paying them off, declaring bankruptcy can be an effective way to remedy the situation and give you the chance to have a fresh start.

Bankruptcy will clear all of your unsecured debts, but in doing so it's going to stay on your Credit Report for 6 years, which can cause problems for your future borrowing during that timeframe. An alternative method of insolvency is an IVA, which often can be best suited should you have equity to protect, or a career which is excluded from personal bankruptcy.

If personal bankruptcy is definitely the right choice for you, then the appropriate paperwork will eventually be filed at your local County Court.

For those living within Dudley we have included the court details below. You only need to contact the court if you already have everything prepared, including your Statement of Affairs and Debtor's Petition, and you are ready to finalise the Bankruptcy Order.

To arrange a consultation you can complete this online form, and an experienced Advisor will be in touch to assess your situation and advise you accordingly.