Manage your debt with bankruptcy
Complete the questions below and see if you qualify for help.
Safe, secure, confidential
What is bankruptcy?
Bankruptcy is a legal way to deal with debts you can't afford to repay. If your debts are greater than the value of your possessions, you may be able to declare yourself bankrupt. Your assets are sold and shared amongst creditors. Once complete, most unsecured debts are written off - a fresh financial start.
There are 3 main ways you could be made bankrupt:
1. You apply for your own bankruptcy
2. A creditor you owe petitions for it
3. An IVA supervisor applies if your arrangement has failed
We’re ready to talk
Benefits of Bankruptcy
Here’s how declaring bankruptcy can help you achieve financial freedom:
Debts are written off
Most unsecured debts are wiped out once a bankruptcy order is made, giving you a fresh start. Exceptions may include court fines, student loans, and certain government debts.
No more pressure from creditors
Creditors can no longer chase you for repayment of your unsecured debts, so you don’t have to deal with calls, letters, or legal threats.
Debt freedom in 12 months
In many straightforward cases, you could be discharged from bankruptcy within just 12 months, allowing you to rebuild your finances sooner.
No income payment if you rely on benefits
If your income comes only from state benefits, you won’t be required to make contributions towards your debts.
Keep essential household items
You can usually keep everyday household goods and a reasonable amount of money to live on, ensuring you can still manage daily life.
Take back control of your debt
Customer feedback
I was at my wits end dealing with all my debts when I got in touch with CAM... I was really impressed with the advice and time which was given to me from Nathan Jacketts. I have been going around in a cycle of credit card debit for as long as I can remember. I originally wanted a loan, but discovered they are other options available to me that I was not aware of. I now have all my debts consolidated into an IVA paying one affordable repayment of £155 a month. This has changed my life, I now dont have to stress each month managing 5 to 6 separate payments going out each month. I highly recommend CAM and Nathan for not judging me 👍
Highly recommend Care About Money, I had a bailiff at my property over a parking fine at 5.20pm, I found care about money online and gave them a call. Spoke initially with Eli, who was beyond incredible and gave me advice on what I needed to do and what my options were he arranged a priority phone call for the following morning at 9.30 where Justin , was equally as incredible we went through everything thoroughly and he explained my options and started the process. Immediately they contacted the creditors on my behalf and got me legal protection meaning I had time to come up with a plan on what to do but stopping the company/companies from contacting me in any form or removing assets. Every single person I dealt with has so much compassion and genuine empathy. They were so respectful and helpful.
Was quite amazed how quickly, Care about money worked. I was in quite a lot of dept and had many company's I owed money too, thay sorted out all my bills and some I didn't remember and consolidated all my moneys owed into one month's affordable payment, Eli and Dan sorted out my finance to a point where now j feel quite lifted and free from worrying about who was going to knock at my door. So I would like to thank everyone who has made this possible for me. Kenny Emptage
Frequently asked questions
The fee to apply for bankruptcy in the UK is £680. This can usually be paid in instalments online. Once your bankruptcy is approved, you are legally protected from creditor action.
No. Secured debts, such as mortgages or car finance, are not automatically written off in bankruptcy. These lenders still have rights over the secured asset, meaning you may lose your home or vehicle if repayments are not maintained. Bankruptcy mainly covers unsecured debts like credit cards, loans, and overdrafts.
Once you are declared bankrupt, your assets are assessed and may be sold to repay creditors. Most unsecured debts are written off, and in straightforward cases, you are usually discharged after 12 months. Bankruptcy will remain on your credit record for 6 years, which can affect future borrowing and financial applications.
If you own a property, the Official Receiver or Trustee may sell your home to help repay debts.
In some cases, a family member or partner can buy out your share to allow you to stay. If you rent, most tenancies are unaffected, but landlords may check your credit file.
Yes. Bankruptcy remains on your credit record for 6 years, making it very difficult to get a mortgage during this time. Even after discharge, lenders may view you as high risk and offer limited options, often with higher interest rates.
No. All bankruptcies are listed on the Individual Insolvency Register, which is a public record. However, in rare cases where disclosure puts you at risk of violence, you can apply to have your address withheld.
resolve your debt problems
in the best way for you.
