• Bankruptcy Advice

Are you considering bankruptcy?

  • Do you suffer from debts that you simply cannot pay?
  • Do you feel that you want to make a fresh start by leaving your debts behind and concentrating on your family and career without the burden of creditor harassment?
  • Are creditors failing to understand that you cannot pay them, and you feel that you cannot cope with the ongoing pressure?

If you have exhausted the other options available to you, or decided that none of them are suitable, then perhaps bankruptcy is an option worth considering.

Declaring bankruptcy may be a last resort, and you do need to make sure that you have fully considered the process from all angles – the advantages, the disadvantages and the implications. Our experienced personal insolvency team at Jones Giles & Clay can talk to you about all of the solutions available to you.

Whilst we can help you with the process of declaring yourself bankrupt, even with filling in the application forms, this may not be the only option, so we will start by discussing your situation and looking at your debts. An Individual Voluntary Arrangement can deal with unaffordable debt – and may not have some of the future consequences associated with bankruptcy.

Bankruptcy will generally mean the following:

  • Your debts are put behind you and you can start a fresh, debt-free life
  • Your assets may be sold off and the money used to pay off creditors
  • Your creditors will no longer hassle you for outstanding debts
  • You may need to make monthly payments to the Trustee based upon affordability

For further information regarding bankruptcy please refer to the Insolvency Service website.

Advice Line: 029 2035 1490

Why Choose us?

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  • With you every step of the way

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IVA's

An IVA allows you to renegotiate the terms of your arrangements with your creditors. If you have unsecured debts with a number of creditors that you are unable to pay this is an alternative to formal bankruptcy. An IVA (Individual Voluntary Arrangement) allows you to manage your debts with a solution that will give your creditors money over a period of time, which is normally 60 months.

Learn more about IVA's »


Bankruptcy

Declaring bankruptcy may be a last resort, and you do need to make sure that you have fully considered the process from all angles – the advantages, the disadvantages and the implications. Our experienced personal insolvency team at PJG Recovery can talk to you about all of the solutions available to you, including Debt Relief Orders, Individual Voluntary Arrangements and informal Debt Management.

Learn more about Bankruptcy »


Trust Deeds

If you live in Scotland and are struggling to repay your debts you may want to consider entering into a Trust Deed with your creditors. A Trust Deed is an alternative to bankruptcy and is a formal agreement between you and your creditors, where you agree to pay an affordable payment each month for a fixed period - usually 3 years - in exchange for your creditors agreeing to write off the balance outstanding at the end of the 3 years.

Learn more about Trust Deeds »


Our Fees

Our advice is always free and we only charge when we start acting on your behalf. Our fees are proportionate to the activity we perform. Fees for IVA's, Bankruptcy and other services do differ, so please review our fee structure so you are aware of how debt assistance works.

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Learn about Jones Giles & Clay

We have been operating since 2002 and we are a team of professional insolvency practitioners who are passionate about helping you manage issues with your debts. Being in debt is a scary and worrying time for many people. More and more people are getting into debt through no fault of their own and this is where the team at PJG Recovery can really offer you advice and help to become debt free in the best way possible. We are here to help you "recover" from debt and are always happy to talk to you for free on how we can help.

Learn more about us and how we can help »



Would you like some help?

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