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

Personal bankruptcy will clear your personal unsecured debts, but in doing so it's going to stay on your Credit History for six years, which can have an effect on your future borrowing during that timeframe. An alternative type of insolvency is an IVA, which could be ideal for people who have equity to protect, or a profession that is excluded from bankruptcy.

If bankruptcy certainly is the right choice for you, then the required documentation will eventually be submitted to your local County Court.

For those living within Newbury 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.