Many people don’t understand bankruptcy and how complex and challenging it can be. In layman’s terms, this article looks at the process, who is involved and the implications for the person declared bankrupt and how to find a good solicitor to guide you in the process. The process of being declared bankrupt is both a legal process and for most people who are declared bankrupt, a very difficult process, even a little traumatic at times. So for those reasons it is important to find a solicitor to make sure that the legal aspects of the case are dealt with fairly and that you have representation. This is more than a mere technicality – declaring bankruptcy is very serious. The decision as to whether you are bankrupt is made by a court. You petition a court to be declared bankrupt – or your creditors can do it. As creditors can file [...]

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