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

Personal bankruptcy will clear all of your current unsecured debts, but in doing so it will stay on your Credit Report for 6 years, which can hinder your future borrowing during that timeframe. Another form of insolvency is an IVA, which often can be best suited for people who have equity to protect, or an occupation which is excluded from bankruptcy.

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

For those living within Wolverhampton 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.