Providing Debt Help and Advice such as a trust deed in Scotland to clients in Glasgow, Edinburgh, Dundee, Aberdeen, Falkirk, Inverness and throughout Scotland.

Bankruptcy is a way of dealing with the debts you cannot afford to pay, it allows a clean slate and ensures that any assets you have are shared fairly to your creditors.

If there is no way of making any contrbutions to your creditors, then a first time bankruptcy with debts, will generally mean you receive your discharge one year after the date of the bankruptcy order and in some cases there is the possibility that in the bankruptcy discharge period will be less than one year.

Why Bankruptcy?

• A clean slate, free yourself from the stress that overwhelming debts if you have no way to pay them.
• Assets are shared out equally among your creditors.
• For you, bankruptcy can provide peace of mind and possible automatic discharge after one year (or less in some cases).
• For the creditors, bankruptcy allows a full investigation of the debtor's affairs to be carried out.

How does it work?

There are 3 ways you can be made bankrupt:-

Voluntarily - You make yourself Bankrupt

Involuntarily - By your creditors

The supervisor or anyone bound by an IVA

A bankruptcy order can still be made even if you refuse to acknowledge the proceedings or refuse to agree to them. You should after the bankruptcy order is made is both difficult and expensive.therefore co-operate fully once the bankruptcy proceedings have begun. If you dispute the creditor's claim, you should try and reach a settlement before the bankruptcy petition is due to be heard.