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

Personal bankruptcy will clear all your unsecured debts, but in doing so it's going to remain on your Credit History for 6 years, which will have an impact on your future borrowing during that timeframe. An alternative form of insolvency is an IVA, which could be suitable if you have equity to protect, or a job which is excluded from bankruptcy.

If personal bankruptcy certainly is the answer you're looking for, then the necessary documentation will eventually be filed at your local County Court.

For those living within Halifax 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.