Debt Management Solutions :: Bankruptcy

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Debt Line is part of the Richmond Group based in Bournemouth, Dorset.

The Richmond Group employ over 400 people and, according to the Sunday Times, are one of the fastest growing companies in the UK.

Bankruptcy

This is a decision made by the creditor or the debtor where the debtor is legally judged to be insolvent. The debtor's property is then administered for the creditors or simply distributed amongst them.

Once bankrupt

  • You will be completely debt free
  • After you have been discharged you will have a “clean slate”

However, after discharge you would have no credit history and have to start building it up again.

For more information on Bankruptcy call Debt Line today on 0800 4085 262!