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manage bankruptcy

Manage bankruptcy to save money.

BANKRUPTCY IS AN EXPENSIVE PROCESS.

You could lose your home and add costs of up to £60,000 if you let trustees control repayment of your debt*. Know your options to manage bankruptcy.

*A trustee can charge c.£300 per hour and charge a Secretary of State fee of 17.5% on the amount raised from the sale of your home. Your creditors can claim 8% statutory interest on outstanding amounts.

Repay your bankruptcy using equity from your house.

By using our ‘Funds Transfer’ service, we can provide funds to manage bankruptcy:

• Pay your CREDITORS
• Pay your TRUSTEE and avoid more fees.
• CANCEL the BANKRUPTCY
• Stop REPOSSESSION of your house.

We understand the emotional and financial difficulties bankruptcy will cause and we know most people do not know there are other ways to manage bankruptcy and avoid adding trustee fees to your debt.

FREE ADVICE TO MANAGE BANKRUPTCY…

We offer immediate access to our FREE ADVICE CENTRE about managing bankruptcy. There is not any obligation to use any of our services but we know the cost of our services has saved our clients a lot of money so we let the numbers speak for themselves. Part of our help is simply making sure you know all the options we can offer to avoid adding more debt to your bankruptcy…

…it’s FREE and could save you Thousands of Pounds!

…FROM OUR IN-HOUSE EXPERTS

We have in-house, completely regulated experts, including solicitors, mortgage advisers and insolvency practitioners – our advice is completely free and there is absolutely no obligation to use our charged services.

By reviewing your bankruptcy details and your assets, we will be able to tell you whether we can help you avoid more trustee fees and how much our ‘Funds Transfer’ service will cost.

Avoid Bankruptcy Charges & Trustee Fees

BANKRUPTCY CHARGES CAN DOUBLE A DEBT.

You could lose your home and ADD bankruptcy fees and/or costs of up to £60,000 if you let trustees control repayment of your  debt*.

*A trustee charged to manage a banckruptcy and ensure all debt is repaid can charge c.£300 per hour and you could be charged a Secretary of State fee of 17.5% on the amount raised from the sale of your home to repay your bankrupt debt.

Meanwhile, your bankruptcy creditors can also claim 8% statutory interest on outstanding amounts.

  • You will  save money the sooner you can repay your debts.
  • Your house can be forcibly sold  up to three years after your bankruptcy order if there is no other way to repay your debts. 
  • You will probably get a higher price for your house if you sell it yourself and you could avoid thousands of pounds in added cost.

Continue reading Avoid Bankruptcy Charges & Trustee Fees

Phone us now on 0800 6123694 or 01244 341066 any time 24/7, or use our callback form and we will phone you back to discuss your needs and our solutions.

Repossession Orders

WARNING: DO NOT LET YOUR HOUSE GET REPOSSESSED AS IT MIGHT GET SOLD AT A TRADITIONAL AUCTION FOR A LOW SALES PRICE. THE HIGHER THE SALE PRICE, THE MORE MONEY YOU WILL RECEIVE WHEN ALL YOUR DEBTS ARE PAID FROM THE SALE. IF YOUR HOUSE SELLS FOR LESS THAN THE LOANS AGAINST IT, YOU MIGHT HAVE TO PAY THE REST BY SELLING OTHER ASSETS.

In A Nutshell

We can organise a cash advance to pay off your debts so you can sell your property using our modern auctions so that you get a better price for your home AND a cash advance so that you are able to pay move into rented accommodation on your own terms.

Note: Not all auctions are the same! See why ours are best.

 

Home repossession is the same  process as ‘mortgage possession’ – it is a process lenders go through to recover money owed to them if the terms of repayment are broken by the borrower (debtor).

When a house is sold in the repossession process, any money that exceeds the mortgage loan or any other loan secured on the property or the court costs and fees is returned to the subject of the repossession order (the person whose home is sold).

Who Can Repossess Your Home

Your home can be repossessed by your mortgage lender if you fail to make the scheduled mortgage repayments agreed in the loan agreement.

Your home can also be repossessed by a lender of other loans if you have used your house or any equity tied into your house value to secure the loan.

Continue reading Repossession Orders

Phone us now on 0800 6123694 or 01244 341066 any time 24/7, or use our callback form and we will phone you back to discuss your needs and our solutions.

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