Bankruptcy
Bankruptcy is an option that often has to be considered when an individual cannot pay their debts as they fall due. A first time bankrupt with debts will generally receive their discharge one year after the date of the bankruptcy order (there is the possibility that in some cases the bankruptcy discharge period will be less than one year).
Although bankruptcy has a bad stigma and is publicly advertised, it should always be considered when dealing with individual insolvency cases.
There is no need to deal with the stresses of going bankrupt alone!
Our Service include:
- Initial assessment
- Booking of court hearing
- Completion of Bankruptcy petition
- Completion of Statement of Affairs
- Attending the court hearing with you
- Unlimited Help and advice after Bankruptcy
Assist Financial Management offers you a professional, in depth service covering all areas of the bankruptcy procedure:
- Best Advice Options: You may feel as though bankruptcy is the only debt solution available for your personal circumstances, but this is not always the case.
- Our team of expert bankruptcy advisors will first go through your financial situation, and see if bankruptcy really is your best option. You may find that your personal situation is more suitable for an alternative debt solution, such as an IVA or Debt Management Plan.
- Completion of Bankruptcy Forms: When you declare bankruptcy, you will need to complete a selection of documents which will have to be presented to the court for them to review.
Completing the Bankruptcy Forms
Many people find that these forms can be very tricky to fill in. it is important that you declare your financial status correctly, so that you don’t experience any complications in court or with your bankruptcy order.
Remember that bankruptcy is a legally binding and public process, so it is essential that these forms are filled in correctly, or you could potential face a court mandated punishment lasting for up to 15 years.
But don’t worry, as part of our service our dedicated bankruptcy advisors will complete the forms on your behalf. We have the highest level of expertise so you have the piece of mind that your documents will be filled in correctly, and they are reviewed by a senior Insolvency manager prior to being submitted to your local court.
Telephone Support
Bankruptcy is a complex legal process and you may have a number of questions that you need answering when you are declaring yourself bankrupt.
The Assist Financial Team
Assist Financial Management has our own team of bankruptcy advisors, so you can be rest assured that we are here to answer your questions during any aspect of the process, via a free phone number.
Our telephone support service is unlimited, so even if you have questions after your bankruptcy process our bankruptcy advisors are on hand to answer any questions that you may have, at any stage.
Bankruptcy Counseling
As part of our Best Advice Service, Assist Financial Management offer bankruptcy counseling. We understand that the bankruptcy process is a very stressful time, and we are on hand to help you decide if bankruptcy really is the right decision for you.
Even after your bankruptcy has been discharged from your bankruptcy order, we are here to help. We can offer you advice on your life after bankruptcy, such as how you go about getting accepted for further credit, such as a mortgage, and how to cope with any employment issues you may have.
If you are thinking about declaring yourself bankrupt, then it is important that you get expert advice.