Individual insolvency: find out your options for dealing with debt

Introduction

Bankruptcy is a very serious matter. If you become bankrupt you will have to give up any possessions of value you have. If you own a property it may have to be sold. Your personal details will be advertised in a local newspaper and the Official Receiver will investigate your conduct and financial affairs.

You may have to close any business you run and dismiss your employees. Bankruptcy also places certain restrictions on your life.

But you do not have to become bankrupt just because you are in debt.

This tool will help you understand what alternatives may be available to you.

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Subjects covered in this guide

• Introduction
• What other options do I have when considering bankruptcy?

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