WHAT SERVICES DO WE PROVIDE?

The simplest and easiest thing to do is to contact us now for a free, no-obligation, discussion with one of our specialists. Let’s see what we can do for you.

SPEAK TO A BANKRUPTCY EXPERT TODAY

WHAT SERVICES DO WE PROVIDE?

The simplest and easiest thing to do is to contact us now for a free, no-obligation, discussion with one of our specialists. Let’s see what we can do for you.

SPEAK TO A BANKRUPTCY EXPERT TODAY

Bankruptcy Annulment Service

Without a doubt, it can be tough to know where to turn in financial difficulty. In this situation, it is best to enlist the help of an experienced professional who can provide the right advice and practical support.

Here at Asset Solutions, you can count on an efficient bankruptcy annulment service that does not involve lawyers from the outset – nor use tied financial advisers. Instead, our team works with independent finance experts and specialist solicitors as and when individual situations require

Bankruptcy help

With the threat of bankruptcy comes the risk of losing one’s business, home or possessions. Therefore, it is best to have a knowledgeable team on your side so you make informed decisions in this potentially tricky situation.

With Asset Solutions, you can rely on expert bankruptcy advice and timely guidance to navigate the maze of officialdom. Based on years of business experience, our team assists with all aspects of bankruptcy annulment, from statutory demands and preparing for insolvency interviews to getting discharged from bankruptcy.

Naturally, we tailor the service to suit your situation. The first step is to understand the circumstances. In all cases, we work with you at every stage, communicating with your creditors. We consider the facts, advise you on your position and – where necessary – connect you with relevant experts in your insolvency circumstances.

Although we do not provide financial advice, our associate independent advisors specialise in lending to individuals going through bankruptcy or with a non-standard credit rating. In this way, you might be able to raise sufficient funds to pay off any debts that are the subject of personal insolvency proceedings.

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Although we do not provide financial advice, we are able to put you in touch with Independent Financial Advisors with a particular specialism in lending to those people who have been made bankrupt; or who have poor credit. In this way, you may be able to raise sufficient funds to pay off any debts that are the subject of personal insolvency proceedings.

So please contact us today.

Expert bankruptcy support

Dealing with financial troubles can be draining and overwhelming. Our new clients tell us that feeling the pressure of bankruptcy looming can be disconcerting, especially before they knew where to turn for help. At Asset Solutions, we aim to stop bankruptcy in its tracks. Our objective is to secure annulment so the insolvency no longer exists – and you are free of the consequences.

Our experience in individual insolvency administration means we will pinpoint where you stand and help you appreciate your options during the weeks and months after speaking to us. Naturally, our panel of independent solicitors and finance experts is always on hand, ready in case you need them. Specially negotiated rates mean you will not have to pay more than you need to.

At all times, we aim to minimise costs and speed up the process.

What next?

Our four-step process to escape from bankruptcy is as follows:

We invite you to trust us through tough times and stop your bankruptcy today. Get the help you need now with Asset Solutions’ experts.

Frequently asked questions

Creditors whom you have not paid can petition a court to initiate bankruptcy proceedings against you. Also, individuals can apply for their own bankruptcy online; the fee is £680. In almost every case, the disadvantages tend to outweigh the possible advantages. We recommend taking professional advice at the earliest opportunity.

If you receive a statutory demand, you have eighteen days to apply to the court to have it set aside. 

Valid grounds for your statutory demand to be cancelled include:

  • The statutory demand is incorrect.
  • You owe less than £5,000.
  • The creditor owes you as much as you owe them (a counterclaim).
  • You have a genuine dispute with the creditor(s), e.g. for goods not received.
  • You have a valid legal defence, such as late action by the creditor.

Additionally, you can apply to have a demand set aside if the amount owed is secured against your belongings or home. However, secured loans mean creditors can repossess the goods, property or vehicle. 

Homeowners with equity in their residential property risk losing their homes through enforced sales. That is why it is worth exploring all the options before applying for bankruptcy. 

If you are a tenant, landlords can evict you if your rent payments are in arrears.

Usually, motor vehicles are sold and the proceeds are reserved for paying debts. Exceptions include if you own the vehicle and it is essential for your work, basic domestic needs or caring for a disabled relative because other transport is unavailable.

If the official receiver exempts your vehicle, you remain liable for road fund licence payments, MOT tests and motor insurance. Also, if the car is valuable, it may be necessary to sell it and obtain a cheaper alternative. The money raised goes towards debt payments. 

Bankruptcy excludes working as an accountant, solicitor or finance professional.

You cannot act as a company director. There are implications if you run your own business, which might have to go up for sale if it has equity. 

Usually, newspapers do not publish the names of bankrupt individuals unless the case involves public concern or financial misconduct.

Two websites list bankruptcies: the Individual Insolvency Register (IIR) and The Gazette. Details include individuals’ names and addresses. If you are concerned about risks to you or your family, excluding address details from these listings may be possible.

Contact a member of the team today.

Our experienced staff are well placed to provide you with any advice you need, or to answer any questions that you might have.

Have a question?

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Talk to us

If you would like to talk to us now, you can call us free on

0800 689 3861