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

Personal bankruptcy will clear all of your unsecured debts, but in doing so it will remain on your Credit History for six years, which will hinder your future borrowing during that timeframe. Another form of insolvency is an IVA, which often can be suitable if you have equity to protect, or a job which is excluded from personal bankruptcy.

If bankruptcy certainly is the solution you're looking for, then the necessary paperwork will eventually be submitted to your local County Court.

For those living within Croydon 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.