You could propose an IVA if this is appropriate. Once this is accepted you could annul your bankruptcy, but if the IVA then failed, you would be made bankrupt again.
If you have sufficient funds to pay your creditors (all of them) and all of the costs associated with the bankruptcy, then you could apply for an annulment. Once your bankruptcy is annulled, the record is wiped clean as though it never happened. We can assist you with this.
If you are considering bankruptcy, considering an IVA from bankruptcy or have personal finance issues and just don’t know what way to turn, please contact us for free, confidential advice with no obligation on 01823 216156.
The Insolvency Company
c/o Monahans
Hermes House
Fire Fly Avenue
Swindon SN2 2GA
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The Insolvency Company is a trading name of Monahans Professional Services Limited, registered in England and Wales at Hermes House, Fire Fly Avenue, Swindon, Wiltshire, United Kingdom, SN2 2GA
Steven Elliott is licensed as an insolvency practitioner in the UK by the Insolvency Practitioners Association (IPA). Gareth Buckley and Stacey Phipps are licensed as insolvency practitioners in the UK by the Institute of Chartered Accountants in England and Wales (ICAEW).
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