Home  |  About Us  |  Articles  |  Resources  |  Testimonials Request a Quote
Bad Credit Mortgages
Mortgages with CCJ's
IVA Mortgages
Poor credit mortgages
Bad credit remortgages
Mortgages for bankrupts
Mortgages for self-employed
Mortgages for debt consolidation
Mortgage arrears
Right to buy mortgages
Mortgages for first time buyers
Mortgages - credit problems
Mortgage advice
Mortgage information
Avoiding bankruptcy
Avoiding repossession
Suspended repossession
Reverse repossession
Mortgage guides
Credit Rating
Mortgage calculators
Mortgage links



   AVOIDING BANKRUPTCY

Get a Mortgage Quote Advice, mortgage information and guides from mortgage brokers. Find mortgage brokers specialising in remortgages to avoid bankruptcy. Find advice, information and guides on mortgages for the self employed, avoiding bankruptcy, discharged bankrupts, IVA mortgages, mortgages with CCJ's, advice on mortgage arrears, information on debt consolidation, right to buy, poor credit and bad credit mortgages, guides on self employed mortgages, mortgages with county court judgements and solutions for poor credit mortgages through specialist mortgage brokers.

The consequences of bankruptcy can be far-reaching. Therefore, bankruptcy is something you should try to avoid. If you are declared bankrupt, it might lead to the loss of your home, a feeling of humiliation, and problems in the future when it comes to obtaining loans, mortgages, and other forms of credit in the future.

Bankruptcy is always advertised. When someone is declared bankrupt, a notice of the bankruptcy is placed both in the London Gazette and in the local papers for the area where you live.

A notification of the bankruptcy will be sent to your bank, building society, creditors, landlord, mortgage lender, and anyone else you have a financial relationship with.

If the Official Receiver decides it is necessary, you may be forced to lose your home in order that it can be sold to pay off some or all of your debts.

Someone who is a bankrupt is not allowed to run a business. That means that if you are declared bankrupt then any business or company you run will have to be shut down as soon as you enter bankruptcy.

You will have to hand back any items you have bought on credit (e.g. a car on a hire purchase agreement) and all your bank accounts will be closed.

In addition, you can end up losing any assets that you acquire during the period of your bankruptcy.

People in certain professions may lose their job as a result of being declared bankrupt and/or be barred from membership of certain professional associations or trade bodies.

Your ability to obtain a mortgage or get other forms of loans or credit in the future may be affected for several years, even once your bankruptcy has run its course and you have been discharged from bankruptcy.

If you own your own home and have sufficient equity in the property, then you may be able to avoid bankruptcy by arranging a remortgage to clear your outstanding debts by paying off your creditors.

But you will need to act quickly and get some help from a specialist in this field. Fill in our enquiry form and we will put you in touch with a professional mortgage consultant who will try to help you avoid bankruptcy and so keep your home.


 

Home | About Us | Articles | Resources | Testimonials | Bad Credit Mortgages | Mortgages with CCJ's
IVA Mortgages | Poor Credit Mortgages | Bad Credit Remortgages | Mortgages for Bankrupts
Mortgages for Self-Employed | Mortgages for Debt Consolidation | Mortgage Arrears
Right to Buy Mortgages | Avoiding Bankruptcy | Avoiding Repossession | Suspended Repossession
Reverse Repossession | Mortgage Guides | Credit Rating | Mortgage Calculators | Mortgage Brokers
Credit Problems Mortgages | Mortgages Bad Credit | Mortgages Poor Credit
Mortgages for Discharged Bankrupts | Debt Consolidation Mortgages | Poor Credit Remortgages

Terms And Conditions Of Use
Copyright ©  | Designed by : Divadani Design

This website is provided as an independent marketing website.
We are neither a mortgage lender nor an independent financial adviser and, as such, are unable to offer financial advice.
Enquiries generated via this website are passed on to independent financial advisers and mortgage brokers.
Think carefully before securing other debts against your home.
Your home may be repossessed if you do not keep up repayments on your mortgage.

This website has been approved by SN Financial Services Limited for the purposes of s. 21 of the Financial Services and Markets Act 2000.
SN Financial Services Limited is authorised and regulated by the Financial Services Authority. Firm Reference number 231014.
This may be checked at www.fsa.gov.uk/register/