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	<title>personal bankruptcy Archives - Irwin Insolvency</title>
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		<title>How Will Declaring Bankruptcy Affect My Credit Rating?</title>
		<link>https://www.irwin-insolvency.co.uk/how-will-declaring-bankruptcy-affect-my-credit-rating/</link>
		
		<dc:creator><![CDATA[Gerald Irwin]]></dc:creator>
		<pubDate>Tue, 09 Mar 2021 15:29:30 +0000</pubDate>
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		<category><![CDATA[Bankruptcy]]></category>
		<category><![CDATA[Insolvency]]></category>
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		<guid isPermaLink="false">https://www.irwin-insolvency.co.uk/?p=4236</guid>

					<description><![CDATA[Bankruptcy is an effective way for individuals to clear their outstanding debts and gain a fresh financial start. But there are important implications to consider in regards to personal credit ratings. Bankruptcy will seriously affect your credit score. Inevitably, it becomes more difficult and complicated to apply for loans or to secure a mortgage. However, it’s far from impossible. Bankruptcy isn’t lifelong, and while it becomes more challenging to secure future credit with a lower credit rating, it is possible to build your score back up. In this article, we asked our expert financial team at Irwin Insolvency how bankruptcy affects your credit rating. What Happens When I Declare Bankruptcy? Bankruptcy occurs when an individual mismanages their finances and can no longer pay their creditors – a business cannot be declared ‘bankrupt’ in the United [&#8230;]]]></description>
		
		
		
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		<title>Three Myths About Personal Bankruptcy</title>
		<link>https://www.irwin-insolvency.co.uk/myths-about-personal-bankruptcy/</link>
		
		<dc:creator><![CDATA[Gerald Irwin]]></dc:creator>
		<pubDate>Fri, 21 Jun 2019 09:30:08 +0000</pubDate>
				<category><![CDATA[Blog]]></category>
		<category><![CDATA[personal bankruptcy]]></category>
		<guid isPermaLink="false">https://www.irwin-insolvency.co.uk/?p=3536</guid>

					<description><![CDATA[Personal bankruptcy sounds drastic and, to an extent, it is big step to take. However, it is not the end of the world and, in certain circumstances, it is an effective means of clearing yourself of many debts. This is at a time when personal insolvencies in the UK have hit a seven-year high. As specialist insolvency practitioners, we know how important it is for individuals to consider all their options when it comes to dealing with debt, so that they can find the right solution. Bankruptcy may be one of these options. People are often reluctant to consider bankruptcy as an option because there are various myths surrounding it. Here are three of the most common ones. 1. “Bankruptcy Represents Personal Failure” Personal bankruptcy does not represent a character flaw. It is not an [&#8230;]]]></description>
		
		
		
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