Bankruptcy

After difficult struggles with debt, some people find that bankruptcy is the only viable way forward

At Moorfields, we don’t believe that’s necessarily a bad thing. With expert advice and guidance on your side, bankruptcy can be the point at which you turn things around for the better. And we’re here to guide you through the whole process.

 

How it works:

  • Bankruptcy occurs when a creditor presents a bankruptcy petition against you, which results in a court order
  • All of your assets, excluding everyday household goods and your tools of the trade, are then placed in the hands of your trustee – which would be Moorfields
  • The trustee will realise or sell off your assets to pay off your creditors

 

Remarkable advice: how you benefit

  • Clear, straightforward process
  • Our dedicated team of personal insolvency experts will be at your side throughout the process
  • In most cases, after 12 months you can obtain a discharge from bankruptcy and your liabilities will be extinguished