If you’re facing serious debts, your accounts have become insolvent or you have creditors chasing you for late payments, then declaring bankruptcy is one way to secure a fresh financial start. However, bankruptcy can have severe, long-lasting consequences on your finances and your personal life, and it’s a legal process that should be thoroughly considered

Declaring bankruptcy is one of the best opportunities for a fresh financial start, but it can still take individuals many years to fully recover from the financial and personal effects of bankruptcy. Bankruptcy is a formal legal procedure and, as such, it can have severe, long-term consequences. It’s not a process to be entered into

If you’re facing mounting debts, are struggling to pay bills, or are fed up with creditors hounding you for cash, then filing bankruptcy could be the way out you’re looking for. Filing bankruptcy can give you the opportunity for a fresh financial start, but it’s not as simple or as easy as just wiping the

The liquidation process sees a company wound up, closed down and struck from the Companies House register. Liquidation commonly occurs when a company can no longer pay its debts, resulting in company assets being sold off in order to pay creditors. The liquidation process can be voluntary or it can be court-ordered, with the end

If debts are piling up and creditors are harassing you for payment, then declaring yourself bankrupt is one way to clear those debts and have a fresh financial start. But declaring bankruptcy is never an easy step to take. For business owners, bankruptcy can have serious, lasting consequences, so it’s not a decision to be

If an individual is facing personal financial difficulties, they have the option of declaring bankruptcy. Bankruptcy can offer individuals a fresh financial start, but there are a number of long-lasting consequences that need to be considered first. In this article, the team at Irwin Insolvency answer the common question – what is bankruptcy? – explaining