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After bankruptcy, you might want to know what to expect
What happens after bankruptcy? As a debt solution, bankruptcy can clear your debts. But bankruptcy should be seen as a last resort. An IVA, or another debt solution, may still be a better option for you.
Bankruptcy protects you from your creditors and gives you the chance to start afresh. But there are many implications to becoming bankrupt which we can make sure you’re advised about.
Bankruptcy is the only option left. So what happens now?
You know only too well how stressful getting into serious debt can be. So you won’t want it to happen again. This is where the Debt Advice Trust can help. We’re a registered not for profit organisation and exist purely to help people in serious debt. We have extensive experience of helping people decide whether bankruptcy is the right option. We can help you to put your life back on track.
Why you should talk to the Debt Advice Trust
As a not for profit organisation you can talk to us in total confidence and trust us to give you impartial, honest advice. Plus it’s free. Our fully trained expert staff will offer you the best advice to suit your individual situation. We can advise you about every aspect of bankruptcy and help you to avoid the pitfalls that would otherwise put you back in debt again.
After bankruptcy FAQ's
- Q: Does bankruptcy have lasting consequences?
A: Yes it does. It can affect your future ability to obtain services from banks, credit card companies and others. But it’s not all doom and gloom. Talk to us about your individual situation and we’ll advise you on what your future options may be.
- Q: When can I call the Debt Advice Trust?
A: You can call us free anytime on 0800 000 000 between the hours of 8:00 am and 9:00 pm Monday to Friday, or 9:00 am and 5:00 pm on Saturday and 10:00 am to 4:00 pm on Sunday.
