When you have mounting debts with no prospect of paying them off, applying for bankruptcy can be an effective way to treat the problem and give you an opportunity to have a fresh start.

Personal bankruptcy will clear your personal unsecured debts, but in doing so it is going to remain on your Credit History for 6 years, which can cause problems for your future borrowing during that timeframe. Another type of insolvency is an IVA, which may be best suited in case you have equity to protect, or a job which is excluded from personal bankruptcy.

If personal bankruptcy is definitely the solution you're looking for, then the required paperwork will eventually be filed at your local County Court.

For those living within York 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.