If you are experiencing money problems,
they are likely to get worse if you do not address them as soon as possible.
By selling your home to Smart Property, you can generate much needed cash or relieve your debt drain so you can tackle your problems quickly. Because we buy properties in any condition, you will not face the added expense of preparing your home for the property market and you can avoid other selling costs, such as estate agents’ and solicitors’ fees.
Act NOW to avoid the worst
What is Bankruptcy?
Bankruptcy is a solution to dealing with debts which you’ll never be able to pay off. Bankruptcy is not a penalty, as some financial institutions would have you believe, it is a formal procedure which allows for a fresh financial start, freeing you from the anxiety that such a large debt holds over you.
A bankruptcy order can still be made even if you refuse to acknowledge the proceedings or refuse to agree to them. You should therefore co-operate fully once the bankruptcy proceedings have begun. If you dispute the creditor’s claim, you should try and reach a settlement before the bankruptcy petition is due to be heard. Trying to do so after the bankruptcy order has been made is both difficult and expensive.
DO NOT IGNORE the situation and the communications you are receiving. PLEASE acknowledge them and do something with them.
Is your debt spiraling out of control?
TAKE ACTION NOW and receive an instant, online quote OR call us NOW for a confidential conversation.
*Bankruptcy, the reality:
•You have lost control of your finances.
•Any of your assets can be sold. This includes your family home, your car and any of your household effects (if they are deemed to be of excessive value)
•Your situation will be advertised in the local press, it will become public knowledge.
•If you apply for credit in excess of £500 you will have to declare that you are an undischarged bankrupt.
•Some occupations carry restrictions regarding being bankrupt. Many corporate employers carry out background searches – this could also mean that promotion prospects could be affected.
•You cannot act as the director of a company, until you have been discharged.
•You cannot take any part in the promotion, formation or management of a limited company without the permission of the court.
•You cannot trade in any business under any other name, unless you inform all persons concerned of the bankruptcy.
•There may be restrictions on you practising as an Accountant/Solicitor.
•Your credit rating disappears – You may well be discharged from a bankruptcy after 1 year, however a note regarding your bankruptcy will remain on your credit file for 6 years.
•The emotional trauma attached is difficult to overcome.
Smart Property will help you. Bankruptcies in the UK are rising – please do not join this sector of the community.
We can help by buying your house for cash within 28 days, allowing you to pay off your debts and remove your financial worries. Remember, we take care of your legal costs it will not cost you anything.
TAKE ACTION NOW and receive a call NOW for a confidential conversation and help.
*information taken from Debtwatchdog.com updated March 2014