Getting Leeds Bankruptcy Advice has never been easier.
Here at Bankruptcy Guide, we are aware that debt issues can be extremely worrying, Our Leeds bankruptcy advice service is available to help. We provide an individual, tailored consultation to help you understand whether bankruptcy is the right solution for you. We offer a service to assist you with the application process and support you throughout the year you remain bankrupt.
How our Leeds Bankruptcy Advice Can Help You
When faced with excessive debt, people in Leeds and the surrounding area can use our Leeds Bankruptcy advice service. Our advice will help you understand the ins and outs of bankruptcy and the options you have during the bankruptcy process. We will help you get back in control of your finances.
Our service allows you to take advantage of the following key benefits of bankruptcy:
What is the Leeds Bankruptcy Advice Process?
Our Leeds bankruptcy advice service will give you a clear understanding of whether bankruptcy is right for you. Where it is, we offer a hand holding service to assist you through the entire process.
We have worked with many different people from different backgrounds. This means that at every stage of your bankruptcy journey, our advisors will be available to answer the questions or concerns that are unique to your situation.
1. Free consultation with our bankruptcy expert: Our expert, James Falla will provide you with an initial consultation free of charge. This will give you a clear understanding of the debt solution options available and whether bankruptcy is right for you.
2. If you use our bankruptcy assistance service, we will complete your online application with you. We ensure all the information you provide is correct including your income and expenses budgets. Once your application is submitted, you will be bankrupt in two working days.
3. Once you are bankrupt, you can expect to receive various documents from the Official Receiver (OR). We will explain what these mean and what needs to be done. You may also have a telephone interview with an Examiner. We will prepare you for this so you know what questions you will be asked and how to answer them
4. You may be required to speak to someone from the OR’s office about your income and expenses budget. We will prepare you for this to ensure any ongoing IPA payment is kept as low as possible.
5. Your discharge from bankruptcy will normally happen automatically after 12 months. We will confirm your discharge and give you further advice about improving your credit rating, getting a mortgage and becoming a company director if you want.
Leeds Bankruptcy Advice FAQs
There is a Government application fee that must be paid before your bankruptcy application can be submitted. Whether you live in Leeds or anywhere else across England and Wales, the price remains the same.
The fee is paid online with either a debit or credit card. You can use your card or someone else can make the payment on your behalf.
You can pay your fee in instalments. However you are not allowed to submit your application and get protection from your creditors until the fee is paid in full.
There is an additional charge payable to us if you decide to use our Leeds bankruptcy assistance service.
Get in touch with us to find out more details about the cost of going bankrupt in Leeds.
In Leeds (as anywhere else in the UK), your bankruptcy will last for just 1 year. After 12 months, you will be automatically discharged.
The record of your bankruptcy will remain on your credit file for 6 years. Your credit rating will continue to be affected during this time although there are things you can do to speed up the repair process.
If you are required to make an ongoing monthly payment towards your debts (known as an IPA – Income Payment Agreement), this will last for 3 years.
Living in rented property in Leeds? Being bankrupt won't have much of an impact on it. You just continue to make your regular rent payments to your landlord.
If you have rent arrears, these will be included in your bankruptcy and written off. If you are renting privately and have rent arrears, contact us for further advice.
Home owners should NOT apply for bankruptcy without discussing the implications with us first.
Your employment is highly unlikely to be affected by bankruptcy. Therefore, if you are employed in Leeds, you will most likely just carry on with your business as usual.
The employer is not informed by the Official Receiver. Unless you tell them yourself, they are unlikely to find out about your circumstances.
There are some roles you can’t carry out while you are bankrupt. These include working as a company director, solicitor, barrister or chartered accountant. There are also some financial services positions. Contact us for more information
Get Leeds Bankruptcy Advice Today
Take control of your debts with our Leeds bankruptcy advice service. Many Leeds residents are facing a variety of financial difficulties brought on by the cost of living crisis. Bankruptcy Guide offers personalised advice and support to help you resolve your financial issues and move on with your life debt free.
