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Whether you're a business owner or just an individual, bankruptcy is never something that should be taken lightly. But if you are running a business then you. In the United Kingdom, bankruptcies refer to company insolvencies in England and Wales made up of compulsory liquidations (winding-up orders made by the courts). This section contains information about bankruptcy. These pages tell you how bankruptcy works and help you decide whether it's right for you.

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Bankruptcy usually lasts 12 months in England and Wales. During this time you are referred to as an undischarged bankrupt, which is the legal term for someone. Bankruptcy is the end of an individual's control over their financial life that existed prior to the date of / [email protected] Are you living overseas but still have UK debts? Bankruptcy from Abroad Specialize in Handling Bankruptcies for ex-UK Residents. Apply Online in Confidence.

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If you become bankrupt, any successful claims for the mis-selling of PPI will be paid to your bankruptcy estate, and not to you. Don't make any claims yourself. Bankruptcy is an insolvency option for people with debt they cannot afford to repay in a reasonable time. You can apply yourself, or a creditor may be able to. You cannot use bankruptcy to discharge overwhelming debt again for at least four to eight years, depending on what type of bankruptcy you filed. Each individual.