Being in debt can be a confusing, unnerving time but we are here to help! We've put together some great tips and advice to help you make better sense out of your debt.
We all know the importance of physical exercise, but your mental health is just as important, especially when faced with worries and concerns about debt.
With over 20 years’ experience in the industry, at Aperture we believe it is our approach, vision, values and team that have helped make over 30,000 clients debt free.
Bankruptcy is a form of insolvency that writes off debts you can't afford to repay. When you're bankrupt, your non-essential assets (property and possessions) and excess income are used to pay off your creditors.
Bankruptcy is a formal insolvency route for individuals with unsecured debts that they cannot pay. Bankruptcy is often the last resort and can be used when no other alternative is suitable.Once you are made bankrupt you have a duty to provide information to the official receiver and the trustee, and attend their office as and when required.
If you live in England, Wales or Northern Ireland you can apply for bankruptcy if you have debts over £5,000.
If you live in England or Wales you can make yourself bankrupt by submitting an online application and paying the bankruptcy fees. https://www.gov.uk/apply-for-bankruptcy
If you live in Northern Ireland you need to apply to the court. https://www.nidirect.gov.uk/articles/bankruptcyBankruptcy costs and fees will vary depending on the country you live in. Below we look at England, Wales & Northern Ireland.
In England and Wales:
In Northern Ireland: