When you have mounting debts with no prospect of paying them off, declaring bankruptcy is often an efficient way to treat the situation and provide you with the chance to have a fresh start.

Personal bankruptcy will clear all of your current unsecured debts, but in doing so it is going to stay on your Credit File for six years, which will cause problems for your future borrowing during that timeframe. Another form of insolvency is an IVA, which might be suitable for people who have equity to protect, or a job which is excluded from personal bankruptcy.

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

For those living within Blackpool 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.