Brytannic Extra Finance are a mortgage and homeowner loan broker. We work 100% for you, our customer. We are not tied to one bank, instead we work from a panel which enbles us to research a number of different lenders to find the right solution for you. We dont charge any upfront fees, so its worthwhile giving us a call or apply online.
Bankruptcy
Bankruptcy is a way of dealing with debts that one cannot pay. When you are declared bankrupt, assets owned by you might be used to pay off your debts. After one year all of your outstanding debts could be written off and you can make a fresh start in your life. Any proof of recklessness or irresponsibility can result in a Bankruptcy Restrictions Order between 2 and 15 years.
When you are up to your neck in Debt and want fresh start in your life, Bankruptcy is one option although there are many other alternatives to become debt free and Brytannic Extra Finance can help. If you reach a point where you cannot pay your debts you can be made Bankrupt either voluntarily or involuntarily by the creditors you owe money to. By declaring Bankruptcy this is one way of showing that you cannot pay your debts as they are spiralling and out of control. The responsibility for those debts becomes the responsibility of the Trustee.
Once Bankruptcy order is issued to you, all assets belonging to you come under the control of trustee, and Trustee will take all the responsibility to pay your debt .
Avoiding Bankruptcy
There are a number of ways to avoid bankruptcy. Bankruptcy is not always the solution to your debt problems. Initially you can try to reach an informal arrangement with your creditors, providing them with a realistic timetable of when you can repay them what you owe.
Apply now or call 0161 773 9979
Brytannic Extra Finance are a mortgage and homeowner loan broker. We work 100% for you, our customer. We are not tied to one bank, instead we work from a panel which enbles us to research a number of different lenders to find the right solution for you. We dont charge any upfront fees, so its worthwhile giving us a call or apply online.
