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Nelson Says: "Bankruptcy can give you a new start"
Are you considering bankruptcy?
Provided you have no substantial assets which could be absorbed by the official receiver or any appointed trustee, declaring yourself bankrupt is now a more positive step to a financial recovery. A trustee may not take away the tools of your trade. He may not take away your transport, provided you need it for work. You can keep all your clothing and personal effects. A Bailiff does not have any right of access to your home - so you need not let them in, although they will try to tell you otherwise.
The Service is an Executive Agency of the Department of Trade & Industry which deals with insolvency matters in England & Wales and some limited insolvency matters in Scotland. The Redundancy Payments Service is part of The Insolvency Service and deals with redundancy and associated payments in England, Scotland and Wales.
I want to know about redundancy I am a director of a company in liquidation I am owed money by a company that is in liquidation I am owed money by a person that is bankrupt I am owed money by a company that has ceased trading I am in the insolvency profession I am interested in insolvency policy changes I am looking for information about jobs currently being advertised within The Insolvency Service
The Insolvency Service cannot give advice regarding debt-related problems. You should seek your own independent advice from a suitably-qualified professional, e.g. an accountant, or you may wish to visit your local Citizen’s Advice Bureau (CAB). We recommend that you choose a professional who has been accredited by the Lord Chancellor's Community Legal Service with the CLS Quality Mark. But please don’t leave it too late or you may find that professional advisers cannot help you because matters have gone too far. The Insolvency Service publishes a number of guidance leaflets/booklets regarding insolvency procedure that can be found here. You should pay particular interest to the following: You may also find it helpful to visit the Court Service website at http://www.courtservice.gov.uk/. If you require the forms necessary to petition for your own bankruptcy, they can be obtained here. A directory of local Citizens Advice offices can be found at http://www.citizensadvice.org.uk/ and an advice website at http://www.adviceguide.org.uk/. Alternatively, you may wish to contact one of the organisations listed in the table below. These are not the only organisations that may be able to help you. The Insolvency Service cannot accept responsibility for the information, advice, or other services provided by these organisations.
Advisory Conciliation And Arbitration Service
(ACAS)
The Advisory Conciliation and Arbitration Service (ACAS) is a public
body funded by taxpayers. It offers free help and information on
work-related issues.
Call the National Helpline on 08457 474747. Lines are open Monday -
Friday 9am - 4:30pm. The ACAS website contains details of the local ACAS
offices: http://www.acas.org.uk/
Business Debtline
The Business Debtline provides a free telephone debt counselling
service for the self-employed and small businesses facing financial
hardship. Advice is free, independent and confidential.
Call Business Debtline free on 0800 197 6026. Lines are open Monday to
Friday from 10am to 4pm and there is a 24-hour answering machine
service. http://www.bdl.org.uk/
Citizens Advice
Citizens Advice is a registered charity that offers free, independent
and confidential advice from more than 700 locations throughout the UK.
Call 0207 833 2181 to find your local CAB. Lines are open Monday to
Friday from 9am to 5pm. The Citizens Advice website contains a directory
of local CAB offices.
Community Legal Service (CLS)
The Community Legal Service (CLS) is run by the Legal Services
Commission (LSC) and it replaces what was previously known as legal aid.
The CLS Directory lists solicitors and advice agencies in your area.
Call the Directory Line on 0845 608 1122. Lines are open Monday to
Sunday from 9am to 5.30pm. You can find a CLS-approved legal advisor
using the CLS Directory. This directory is available at your local
library or at http://www.justask.org.uk/.
This website is available in English, Welsh, Urdu, Bengali, Chinese,
Punjabi and Gujarati.
Consumer Credit CounsellingService (CCCS)
The CCCS is a registered charity dedicated to
Call free on 0800 138 1111. Lines are open Monday to Friday from 8am to
8pm. The website is http://www.cccs.co.uk/
Consumer Gateway
This is a one-stop service run by the Department of Trade and
Industry. The website provides online access to information and advice
for customers.
The website is http://www.consumer.gov.uk/
National Debtline
National Debtline provides free, confidential and
Call free on 0808 808 4000. Lines are open Monday to Friday 9am to 9pm
and Saturdays from 9.30am to 1pm. There is a 24-hour answerphone. The
National Debtline website address is http://www.nationaldebtline.co.uk/.
1 APRIL 2004 Enterprise Act Reforms
On 1 April 2004 the provisions of the Enterprise Act 2002 relating to personal insolvency come into force. The business world is bracing itself for a significant increase in the numbers of people willing to declare themselves bankrupt, particularly in the area of consumer credit, given the possibility of the bankruptcy restrictions lasting for less than a year.
Insolvency Reform under the Enterprise Act (draft legislation) Our information leaflets/booklets The Individual Insolvency Register The Disqualified Directors Hotline Information for and about Insolvency Practitioners Insolvency Practitioner Banking Insolvency Practitioner Database Search
Complaints Procedure - Site Search - Search The DTI - DTI Homepage - UK Online
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THE
INSOLVENCY SERVICE
