Get me out of debt

Bankruptcy is a process that provides protection to people who are unable to repay their debts and they cannot reach an informal or formal agreement with creditors.  You can become bankrupt voluntarily or otherwise you may be forced into bankruptcy on application by one of your creditors to the Court, in a situation where you cannot pay your debts as and when they fall due.

Bear in mind that once you go bankrupt, its very difficult and expensive to undo, and can have long term consequences.

Bankruptcy should always be considered as a last resort – there are other options such as debt agreements, that might be more suitable for you and are worth investigating.  It’s always a good idea to seek professional advice before going down this route.