Bankruptcy in Birmingham

Are you facing serious debt problems and considering the possibility of bankruptcy in Birmingham?

Bankruptcy is a way of clearing debts that may otherwise take years to pay back. Despite being one of the quickest ways to gain a fresh start financially, it’s not a decision to be taken lightly as it can have serious implications for your future.

Bankruptcy advice in Birmingham

Searching for clear and reliable bankruptcy advice in Birmingham or the surrounding areas? As declaring bankruptcy is such a serious matter, it’s crucial that you receive professional advice before you commit to this process.

At Irwin & Company, we’ve been helping people to deal with bankruptcy for years. Our dedicated team of specialist insolvency practitioners in Birmingham provides tailored advice and assistance to help to determine whether bankruptcy is the best solution for you.

We offer comprehensive bankruptcy advice in Birmingham and can guide you through the entire process in a sensitive and empathetic manner, ensuring you understand every step of the process.

Our bankruptcy services include:

• Offering personal bankruptcy advice
• Managing personal bankruptcies
• Assessing your financial position
• Exploring bankruptcy alternatives, like individual voluntary arrangements

Contact Irwin & Company today on 0121 623 7106 to discuss your bankruptcy case and receive tailored advice.

Receive trusted bankruptcy guidance

Thank you for all your help in the liquidation. I will always pass on your details and recommend you.

Mr. J M

I would like to thank Irwin’s for the work and help that was done in securing an IVA for my wife. Your team showed great commitment and tenacity throughout the whole process without which we could not have achieved this outcome. Thank you again for your team’s help in moving forward.

Mr. T & Mrs. D B

Just to say thanks very much for your professional assistance in the Liquidation. It was a pleasure dealing with you and I will be sure to pass on your details to anyone who should be requiring similar support. All the very best.

Mr. D M

What is bankruptcy?

Bankruptcy is a legal procedure that releases a person from their debts. You can declare yourself bankrupt or a creditor can apply to court to bankrupt you, even if you don’t want them to. However, for this to happen, you must owe them a minimum of £5,000.

While bankruptcy writes off most of your debts and gives you a clean financial slate, it’s a big step that impacts many areas of your life. It’s therefore essential to have a full and clear understanding of both the bankruptcy process and its implications.

How does bankruptcy work?

If you wish to declare bankruptcy in Birmingham yourself, you must complete an online form and pay a fee of £680; you must pay the fee in full before your application will be considered.

An adjudicator at the Insolvency Service in Birmingham will consider your application and make a decision within 28 days. If your application is accepted, a bankruptcy order will be issued.

A creditor can also make you bankrupt if you owe them £5,000 or more, and you haven’t been able to agree repayment of the debt. Before presenting a bankruptcy petition, the creditor must issue a statutory demand. If you cannot meet this demand within 21 days, they can apply for a bankruptcy order via court.

During bankruptcy, valuable, non-essential assets, such as property and possessions, may be sold off and used to pay your creditors, along with any excess income. At the end of the bankruptcy period – usually a year – the remainder of your debts will be discharged.

Fully accredited by professional bodies

Why choose Irwin to handle your bankruptcy in Birmingham?

At Irwin & Company, our knowledgeable team of licensed insolvency practitioners has many years of experience in dealing with bankruptcy in Birmingham. Our empathetic, non-judgemental team will deal with your situation on a case-by-case basis to help you achieve the best possible outcome.

No matter where you’re based in Birmingham, please don’t hesitate to contact Irwin & Company today on 0121 623 7106 to discuss your bankruptcy case or financial situation.

Get in touch

With more than two decades of experience in this industry, we help people just like you every day to navigate the bankruptcy process with ease. Why not give us a call, send us an email, or fill in the form to find out how we can help support you during this challenging time?

Our Office

Irwin & Company,

Station House,

Midland Drive,

Sutton Coldfield,

West Midlands B72 1TU

Call us

0800 254 5122

Email us

mail@irwinuk.net