Bankruptcy Advice LeedsFor bankruptcy advice and information on the consequences of personal bankruptcy, bankruptcy annulments, bankruptcy remortgages and how to avoid bankruptcy contact our debt advice helpline if you live in Leeds, Castleford, Harrogate, Ilkley, Otley, Pontefract, Pudsey, Tadcaster, Wakefield, Wetherby or West Yorkshire area. Bankruptcy is a formal court procedure which you can start or which one or more of your creditors owed at least £750 can start. Your assets (with certain exceptions) are sold to help pay your creditors. However, you can usually keep your personal belongings, the contents of your home and your tools of trade (which may include your car) unless they have a high value. If you have surplus income after meeting your essential household and personal expenses, you will have to make payments out of your income for up to 3 years. Your assets and income are dealt with by a licensed and regulated insolvency practitioner or by a government official called the official receiver. Bankruptcy usually lasts for 1 year, and once you have been freed (discharged) from your bankruptcy, you are released from your debts (with certain exceptions)
Getting in touch with an insolvency expert for debt advice is as easy as picking up the phone. Call the Debt Advice Helpline Leeds on 0113 237 9503 |
