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

Personal bankruptcy will clear all of your current unsecured debts, but in doing so it will remain on your Credit History for six years, which will have an effect on your future borrowing during that timeframe. An alternative form of insolvency is an IVA, which might be ideal if you have equity to protect, or a profession which is excluded from personal bankruptcy.

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

For those living within Bolton 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.