What Is Bankruptcy? Is It Right For You?
Рет қаралды 9,479
2 жыл бұрынBankruptcy is a form of insolvency that writes off debts if you can't afford to repay them, giving you a fresh start. It's a legal process that's suitable if you have little hope of repaying your debts in a reasonable amount of time. Find out more about going bankrupt: www.stepchange.org/bankruptcy
If you're struggling with your finances don't wait to ask for help. Use our free online debt advice tool today and take the first step towards changing your situation. Start now at www.stepchange.org/start
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We provide the UK’s most comprehensive debt advice service. Since 1993, we've helped 7.5 million people with debt problems take back control of their money and their lives.
@maxra1 12 күн бұрын
What is the next step when applying online and making the fee payment? How long would it take to complete the whole process? I have a 30-day hold with my lenders at the moment.
@benjaminmossman161 9 ай бұрын
Thank you, this is a much needed video. I appreciate it.
@StepChangeDebtCharity 9 ай бұрын
Hi there Benjamin, we're glad it was helpful! Best wishes - Kimberley at StepChange
@phisit8813 3 ай бұрын
Declared Bankruptcy and get a new life abroad for 6 years.
@marty3553 2 жыл бұрын
And a small amount of dept could cost a big fortune in the end and loose items in your home
@fatbelly27 4 ай бұрын
The fee is currently £680 and the application process is done online.
@nomadcarpenter8549 4 ай бұрын
The irony
@maxra1 12 күн бұрын
What is the next step when you apply online and pay the fee? How long would it take after that? I have a 30-day hold with my lenders currently.
@fatbelly27 10 күн бұрын
@@maxra1 Usually approved in 24 hours
@marty3553 2 жыл бұрын
You still have to pay back the dept
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