Once the years for your bankruptcy have been served, you have a clean slate from your creditors. Being discharged from your bankruptcy can serve as a huge relief. You finally have the space to begin to rebuild your life. Although most debts are written off once the bankruptcy has been discharged, monthly payments to the Income Payments Agreement may need to be made for up to three years (four years in Scotland) following the bankruptcy. You won’t have to pay this if your only income is from benefits. There are still some restrictions placed on your lifestyle even once the bankruptcy has been served.
How we can help
Leston’s can provide generic guidance on debt matters, for individual guidance however we would refer you to an approved independent financial advisor who would take the lead in guiding you through the various options. For assistance simply click on the “Create a case” link at the top of this page to initiate a case.
1.96