Bankruptcy

Avoid Stop and Defend

Please read the following carefully.

If you have received a Bankruptcy Petition you have a 7 day deadline before the hearing date to submit a defense form to stop Bankruptcy where you could lose your job in some occupations and as a homeowner you could lose your home.

As Established Licensed Debt Counsellors for over 6 years we provide help and information that others often don't or can't that can often help deal with Bankruptcy, there is often action you need to take now so please contact us.

Consumers often comment they "wished they had contacted us sooner" rather than wasting valuable time trawling round the internet and forums gathering information that is often incomplete or assuming a solution was available that was not and even thinking no one could help, see about us

Mr. & Mrs. S - Thank you so much for your help, guidance and support in the recent situation that we had over a Statutory Demand, we actually came out on top, thank you so much. Mrs. G - set aside. Mr. B - Bankruptcy Petition withdrawn. Mr. V - set aside, Mr. P - set aside. Mr. S - set aside. Mr. H - Bankruptcy hearing deferred for 5 months to allow full investigation for defense and or solution. Mr. D - many thanks for your advice, I know where to call if needed in the future, legal action stopped.

Banks, Financial Institutions, their Representatives and Collection Agencies take recovering debts very seriously, whether its a High St Lender or 1st Credit, Connaught, Go Debt, Eversheds, Link, Marlin, Phoenix, DLC, Restons, Lowell, Red, Cabot, MCS, Shoosmiths, Robinson Way, Moorhead James, Capquest or any other company don't make matters worse with your lack of knowledge and we always recommend you:-

Don't believe everything you are told - get everything in writing.
Don't make agreements you can't keep, you will make matters worse.
Don't believe everything you read on the internet.
Don't tackle this yourself without experienced help, your lack of knowledge experience or emotional attachment can lead to expensive mistakes.

Bankruptcy Help

Question - Should a Bankruptcy Petition have even been issued?

Confused? You would be surprised how many cases we see where depending on the type of debt, a Bankruptcy Petition should not have been issued, could have been avoided or defended.

Step 1 - Bankruptcy - The Debt

We regularly help consumers worried over a Bankruptcy Petition and the action you can take will depend on whether it is a threat, you have received the Bankruptcy Petition, have been subject to any previous legal action, how much time you have before the hearing or whether you want to try and reverse or challenge the Bankruptcy order.

Whether it is Bankruptcy over a Credit Card, Loan, Car or Caravan HP agreement, Mortgage Shortfall or even a Timeshare Loan, in many of the cases we see, creditors and or debt collectors had not followed strict and often complex rules and regulations to protect consumers laid down for example by the Office of Fair Trading, the Consumer Credit Act and the Administration of Justice Act.

When checks confirm this and the information is used in the correct way it can often help stop and or defend against Bankruptcy and any further legal action.

We are also contacted by consumers worried about a Bankruptcy Petition over a debt they dispute. There may be issues over miss selling, errors over charges fines penalties and interest added to the account and where this is confirmed and the information is used in the correct way it can often help avoid, stop or defend against Bankruptcy.

There are several different ways to deal with or avoid Bankruptcy and we provide free help to check and identify your options, wasting any time is not helpful and bearing in mind we often provide help that others don't or can't, why not give us a quick call or email now.

Step 2 - Check your options to stop Bankruptcy

As established Licensed Debt Counsellors for over 6 years both on and off line the effects of a Bankruptcy Petition are often seriously underestimated and we cover this further if you continue reading.

Even when you have issues or reasons that you may be able use to help stop or defend a Bankruptcy Petition understanding your options is essential especially if you have other debts, to make the right decision before taking the next step we will as part of our review check your options.

Could issues in step 1 help stop a creditor issuing a Bankruptcy Petition or be used defending a Bankruptcy Petition.
If you have other debts an IVA agreement can be used to stop or avoid Bankruptcy by consolidating all your unsecured debts into one affordable monthly payment with interest and charges stopped.
Do you qualify for a DRO.
Negotiation with your creditor can result in cooperation and the Bankruptcy Petition withdrawn.

Step 3 - Quickly get your solution in place

You may soon find that depending who you talk to or where you look on the internet Companies or Organisations can give you different and sometimes conflicting advice on Bankruptcy and what to do, please click Be Careful

We will explain the pros and cons of your options and please remember The "clock is ticking" with a Bankruptcy Petition and your options could reduce if you waste valuable time, if you intend to defend this you must notify the court at least 7 days before the hearing.

If you have already decided on a course of action and would just like to check if we can identify any other options or a second opinion please contact us.

Potential traps - These can be an expensive mistake

Not realising that you could have defended yourself against Bankruptcy.
Not taking the threat of a Bankruptcy Petition seriously, everything becomes more difficult once one is issued.
Thinking the creditor isn't serious because you have no money or equity in your property.
Allowing yourself to be lulled into a false sense of security by something you have read on the internet, please see about us.
As a home owner, trying to get a loan once a Bankruptcy Petition is issued is difficult as the land registry is notified and a specialist approach will be needed and in the current climate this won't be easy.
Wasting time relying on IVA instant decision websites that only provide a basic quick "in principle yes" is not helpful, a detailed audit has be carried out before you can formally apply.
Just assuming you could win a legal case to stop or annul without exploring all the options.

Established for over 6 years we have helped many people avoid, stop and even annul Bankruptcy but it will depend on how quick you acted and your circumstances.

Bankruptcy information

If you are being threatened with Bankruptcy or are considering Bankruptcy you must make sure you fully understand how this may affect you and we would advise you not to take any further action until you fully understand the terms and conditions.

Bankruptcy Law is very complex and the court service can provide you with further details on Bankruptcy and on top of any help we can offer we would always recommend you get legal advice but in brief terms some things to consider are:-

Once a Bankruptcy Petition is issued and you are a home owner you will not be able to do anything with your property without the Courts permission.
To oppose a Bankruptcy Petition you need to respond to the Court at least 7 days before the hearing date.
Fees quickly add up from the Courts and others involved in the Bankruptcy which can effect your options to stop this as the debt increases.
Once declared Bankrupt your name will usually be published in your local paper and the London Gazette.
Your affairs could be investigated often going back years to make sure you have not moved any assets prior to going Bankrupt, a typical example is putting your home in your wife's name before going Bankrupt and this could be viewed as fraud.
You may lose some of your assets including your home.
Whilst your debt could be written off after 12 months if the court believes you have been reckless or irresponsible Bankruptcy restrictions could be placed on you for up to 15 years which can mean making payments to your creditors for years.
In some occupations bankruptcy may lose you your job or you can find certain jobs are not available to you.
There are fees to pay if you wish to declare yourself Bankrupt however in certain circumstances part of these can be waived.
You may be required to attend Court to explain why and how you got into debt and if you do not co-operate you could be arrested.

If you are not sure what you could do next, need urgent help or would like our help to identify you options and Bankruptcy Petition information please telephone or email in confidence today.

The call or email could change your life!

Confidential National Helpline - Call free 0800 622 6933

email: info@discreetdebtsolutions.co.uk

Bankruptcy Petition - IVA - Debt Management - Debt Negotiation - Free Affordability Assessment for Loans Credit and Finance - Bailiffs - CCJ or County Court Judgments - Default Notice - Mortgage and Secured Loan arrears

Bankruptcy Statutory Demand Repossession Charging Order County Court Judgment

IVA Debt Management Debt Negotiation

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