Your guide to bankruptcy and the possible alternatives

You'll find clear, expert guidance here to help you understand your options and make informed decisions about managing debt and financial difficulties. Our comprehensive collection of articles, expert advice, case studies and real reader experiences provides everything you need to navigate your situation with confidence. Becoming Bankrupt is here to help.

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Famous Bankrupts

When faced with bankruptcy you may think that you are alone, but in fact nothing could be further from the truth. There are many bankrupts. Many who have bee...

Guide to Bankruptcy: Bank Accounts

People who undergo bankruptcy often express their surprise about how relatively minor things that they used to take for granted are suddenly no longer are av...

Life as a Discharged Bankrupt

Bankruptcy is a life changing event, but it doesn’t last forever. In fact, most people are discharged from bankruptcy after a period of just 12 months. But...

A Summary of the Impacts of Bankruptcy

Bankruptcy is a big step. While it can be an effective way to deal with debts that have become unmanageable, it is important to understand that the consequen...

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Latest Articles and Tools

Managing Utility Debts

We all know the feeling: another utility bill arrives on the doorstep at exactly the wrong time. You can’t pay it – but then another one arrives. Utility...

A Summary of the Impacts of Bankruptcy

Bankruptcy is a big step. While it can be an effective way to deal with debts that have become unmanageable, it is important to understand that the consequen...

Payday Loans: Understanding the Risks

Payday loans are a significant growth industry in the UK. There are thousands of payday loan providers across the country, all providing finance at varying c...

Payment Protection Insurance on Your Debt: Can You Claim?

Payment protection insurance is back in the news, with the big High Street banks being forced to set aside huge sums of money to settle claims. Thousands of...

Changes to Bankruptcy Rules: Pay to Declare Bankruptcy?

Recent changes to bankruptcy rules could make life harder for people who have declared themselves legally bankrupt and continue to live on low incomes. Once...

Impact of VAT Increase on IVA Payments

Value added tax (VAT) was increased from 17.5% to 20.0% in early 2011 and on top of a cross-the-board reduction in pay rises it put a serious dent in all our...

Terminating an IVA Agreement

Individual Voluntary Arrangements (IVA) have become increasingly popular in recent years, as a simple way of dealing with personal debt problems that have go...

How Winter 2010 Threatened Small Businesses

The winter of 2010/11 was one of the coldest since records began. The average temperature of the winter season was an extremely chilly -0.8C (32F). The conti...

Step by Step: Visiting the Official Receiver's Office

The Official Receiver is one of the most important parties in bankruptcy proceedings. Often known as the OR, this individual is a court officer who will take...

Bankrupt But Due to Inherit: Who Owns the Property?

Bankruptcy is a major decision that will have an impact on your finances for years to come. Far from being an ‘easy way out’, it can severely limit your...

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