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What Happens When You Go Bankrupt ?

You lose control of your assets.
You cannot obtain credit for over Ł250 without the permission from the lender.
You cannot act as a company director.
You cannot take any part in the promotion, formation or management of a limited company (LTD) without the permission of the court.
You cannot trade in any business under any other name unless you inform all persons concerned of the bankruptcy.
You may not practice as a Charted Accountant / Lawyer.
You may not act as a Justice of the peace (JP).
You may not become an member of parliament.
You may not become a member of the local authority.
Your credit is affected for many years after the annulment.
You may be publicly examined in court.

Consolidate your debts with Only Finance - loans over Ł5,000

Conditions apply. Your ability to obtain credit will be affected in the short term and might be affected in the medium to long term. Subject to eligibility, debt write off applies only where Individual Voluntary Arrangement is suitable. Alternative solutions may be offered.
Lead Generator UK Limited, Trentham Lakes, Stoke on Trent, UK
Data Protection Act 1988 Registration number: z8894216 Companies House No 5127738

What Will Bankruptcy Mean for Me