When you have mounting debts with no prospect of paying them off, declaring bankruptcy could be an effective way to treat the situation and provide you with an opportunity to have a fresh start.

Personal bankruptcy will clear all of your unsecured debts, but in doing so it is going to stay on your Credit Report for six years, which will have an impact on your future borrowing during that timeframe. An alternative form of insolvency is an IVA, which may be best suited should you have equity to protect, or an occupation which is excluded from bankruptcy.

If bankruptcy is the answer you're looking for, then the required documentation will eventually be submitted to your local County Court.

For those living within Maidstone 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.