Bankruptcy: fact or fiction
We’ve all heard of bankruptcy, and we all know it can sound scary. But, what is it really?
At its most basic, bankruptcy is a debt relief option provided by the Government which clears most of your debts in 12 months.
Bankruptcy is one of many debt relief options – some of which are provided by the Government and some of which are provided by private organisations.
To help you better understand bankruptcy, we’ve created a number of videos, posters and information sheets explaining what bankruptcy is and isn’t.
You can also get free help and advice from a debt adviser.