Bankruptcy Support

Bankruptcy

No one likes the thought of going bankrupt, but in some cases it is the only real option left. Bankruptcy can free you from the overwhelming burden of debt, enabling you to make a fresh start.

However bankruptcy is a serious matter and you should always seek advice before considering it, and ensure that all other options have been looked at - when faced with Bankruptcy, alternatives such as an IVA (Individual Voluntary Arrangement) or a Debt Management Plan (DMP) could often be a more appropriate and less painful solution.

Bankruptcy will mean giving up certain possessions of value you own, including your home, and if you own a business it may need to be closed.

So if you are considering bankruptcy it is important that you seek good advice first – at Bridgewood one of our Senior Financial Consultants will be available to talk you through all the options and, if the right answer is to petition for bankruptcy, we will be there to support you all the way through this process.

Learn more about how Bankruptcy works

Read our Bankruptcy FAQs

To discuss Bankruptcy and potential alternatives, such as an IVA,

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