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A bankruptcy order can be issued by you or one or more of the people to whom you owe £750 or more. Call 0800 018 6081 FREE or apply onlineAn official receiver looks into your affairs and a trustee is appointed to take control of your finances. The trustee’s job is to realise and distribute the bankrupt’s estate. In other words, your assets are transferred to the trustee and these are either bought back with the help of third-party funds or sold to pay off your creditors. The term of bankruptcy is usually one to three years, during which time the bankrupt is subject to restrictions regarding business and finances. Call us now, click here to be Debt Free in 60 Months. 
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