Bankruptcy Suitability

What happens to your business tools if you go Bankrupt? Which items are classed as business tools? Is your van or other work vehicle at risk?

How much debt do you need to go Bankrupt? What types of debt can you include? Should you go Bankrupt if you owe less than £20,000?

Is a CCJ written off if you go Bankrupt? Does Bankruptcy prevent you getting another CCJ? What if a CCJ is already on your Credit File?

What is a guarantor loan? Is this debt written off if you go Bankrupt? Can it be kept out? Could you repay a guarantor loan before going Bankrupt?

What is a joint debt? Can joint debts be included in Bankruptcy? What if the other account holder cannot pay the debt? How is a joint mortgage affected?

If you go bankrupt does your partner have to pay your debt? What happens to joint property? Is their credit rating affected? What about joint debts?

How to write off debt in Ireland by going Bankrupt in England. When can you return to Ireland? Will your Irish Credit Rating be affected? Can you go to Northern Ireland?

Are utility bill arrears included in Bankruptcy? Will you have to change your utility suppliers? Is Bankruptcy the best option if you have utility arrears?

Can creditor harassment continue if you are Bankrupt? What if you forgot to include a debt? What if Court action has already been taken?

What is a Bankruptcy Restrictions Undertaking (BRU). The difference between a BRU and BRO. When will a BRU be issued? Will gambling mean you get a BRU?