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 an opportunity to have a fresh start.

Personal bankruptcy will clear all your unsecured debts, but in doing so it will remain on your Credit Report for six years, which will impact your future borrowing during that timeframe. An alternative method of insolvency is an IVA, which could be best suited for those who have equity to protect, or a career which is excluded from personal bankruptcy.

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

For those living within Wakefield 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.