Debt or Bankruptcy

If you are deep in debt and unable to pay your creditors at all, a last step that can be considered is bankruptcy. Under bankruptcy, all your bank accounts and credit cards will be inoperable, and you will not have access to further financial services. Your assets, such as your income, car, home and so on, will be used to pay your debts, and your financial affairs will also be investigated. Anyone can be declared insolvent, either on their own or by a legal order, but there are different procedures for dealing with individuals and companies. There are also alternatives to bankruptcy which should be examined carefully before any action is taken, including debt consolidation, debt management and individual voluntary arrangement (IVA). If you do opt for bankruptcy, a trustee will be appointed to take control of your assets, including those that are acquired during the period of bankruptcy. A bankruptcy petition can also be filed against you, which you may be able to get annulled in favor of an IVA. However, you must seek the help of a debt advice specialist to find a solution that suits your case, and that is where legal Compare can assist you.

Simply enter your Claim Value and Post Code below and click "Submit" to get list of Solicitors located near your location.

Fees and charging options may differ between solicitors. All fees quoted are subject to terms and conditions and are exclusive of VAT and disbursements. A glossary of charging options is shown below.

Please request a Call Back or call us on 08456 800 600 if you require further information.

And remember, you will not be committing to a contract until you have agreed final terms with your chosen solicitor.

"No win, No Fee" agreement where the fees are recovered from your opponent if you are successful in your claim. There is no charge if you are unsuccessful.
"Contingency Fee" agreement where you are charged a percentage of your compensation and the fees deducted from your compensation payment.
"Hourly Rate" agreement where you are charged an hourly rate regardless of the success of your claim for compensation.
"Fixed Fee" agreement where you are charged a fixed fee for the work undertaken regardless of the work involved.
"Legal Aid" where your legal fees are paid from public funds, however, you may have to pay a contribution to the fees.