Why use The Law Superstore to compare solicitors?
- Expert solicitors across the country
- Vetted and regulated by the SRA
- Over 100,000 people helped
- Instantly compare quotes from up to 4 solicitors
-
Had competitive quotes from three solicitors. I decided to go with one that was based locally.
-
Very helpful which saved a great deal of time & expense with international phone calls.
-
Excellent service. Came up with options, and we will be going ahead with one of recommendations very soon.
-
Thank you for your advice. Very professional and helpful.
-
Good response and all legal professionals who took time to speak to me were very knowledgeable. Good cost comparisons with all companies.
-
I asked a general question about transferring the ownership of a house. The response was fast and provided me with the information I was looking for. Thank you.
-
Very knowledgeable and honest advisor. Called exactly when planned with advance notification of the pending call.
-
I was contacted by three companies very quickly offering their services. I decided to go with the first one that contacted me. They are now in the process of preparing the paperwork.
-
I found making my LPA easy with the help of the law superstore, great service.
-
Quick response very helpful
-
A good response with avenues for me to consider. Thanks.
-
I highly recommend this company very professional and made the whole process very easy.
-
All 4 of your recommendations got in touch the same day and we are happy to use one of them.
-
Very professional and great service
-
Very prompt and very helpful.
-
Very pleased with the advice.
-
Thanks, it is really helpful and professional staff
What is bankruptcy?
Bankruptcy is a legal status which provides a way for individuals to deal with debts that they cannot pay off, by handing over control of their assets to be distributed among those that they owe.
Individual Voluntary Arrangement
You can also seek advice from a solicitor on reaching an IVA; an agreement with your creditor to pay off your debts, or at least part of them.
Financial Disputes
If you believe you are also owed money by a person or a business, you can seek help from a legal service provider to make a claim for what you are owed.
Frequently asked questions
How do I declare bankruptcy?
The first step is to apply for bankruptcy online, which has a £680 fee. Within 28 days an adjudicator will decide if you can be made bankrupt and pass your case on to a receiver to deal with proceedings.
Who can be made bankrupt?
Any individual person with enough debt can be declared bankrupt. You can either apply for bankruptcy yourself or an application can be made by your creditors if you owe more than £5,000.
Can your credit recover after bankruptcies?
Bankruptcy will have a long-term impact on your credit score, however you can eventually begin to improve your score after by keeping up with new debts and making sure your bankruptcy was properly recorded by lenders.
How long do bankruptcies last in the UK?
Bankruptcy will last for 1 year. After this time, you are discharged from all you debts and restrictions placed on you. Rarely, it can last longer if you do not cooperate with your trustee.
Are pensions affected by bankruptcies?
Whether or not your pension is affected by declaring bankruptcy depends on what kind of pension you have and whether you are currently (or within 4 years) receiving payments from it.
