Declaring Bankruptcy

Compare legal service providers instantly to help you begin bankruptcy proceedings and improve your future prospects.

Compare solicitors

Declaring Bankruptcy

What is bankruptcy?

Bankruptcy is a legal status which provides a way for individuals to deal with debts that they cannot pay off, by handing over control of their assets to be distributed among those that they owe.

Excellent choice of solicitors
Fully vetted (SRA, SWW, CILEX or IPW members)
We've helped over 100,000 people
Get a free quote immediately

Declaring Bankruptcy

Individual Voluntary Arrangement

You can also seek advice from a solicitor on reaching an IVA; an agreement with your creditor to pay off your debts, or at least part of them.  

Compare solicitors

Financial Disputes

If you believe you are also owed money by a person or a business, you can seek help from a legal service provider to make a claim for what you are owed.

Compare solicitors

Why use The Law Superstore to find a solicitor or legal expert?

Save money by comparing solicitor costs
We only work with quality, experienced and accredited solicitor or legal firms
Competitive prices across England and Wales

The Law Superstore is the UK’s leading legal comparison site, designed to save you money when looking for a solicitor or any other legal expert. Get instant quotes, compare prices, locations and features and choose the lawyer that’s right for you. And we’re completely free to use.

With over 130 legal services on offer, from divorce to personal injury claims, we can help you get a great deal on your solicitor fees. You compare everything else, why not solicitors?

Legal professionals you can trust

All our solicitors and legal professionals are accredited or regulated. They go through a rigorous joining process and must have a redress scheme available, as well as their reviews and financial situation being assessed by our onboarding team. We only work with high quality, experienced legal experts. 

Frequently asked questions

The first step is to apply for bankruptcy online, which has a £680 fee. Within 28 days an adjudicator will decide if you can be made bankrupt and pass your case on to a receiver to deal with proceedings.

Any individual person with enough debt can be declared bankrupt. You can either apply for bankruptcy yourself or an application can be made by your creditors if you owe more than £5,000.

Bankruptcy will have a long-term impact on your credit score, however you can eventually begin to improve your score after by keeping up with new debts and making sure your bankruptcy was properly recorded by lenders.

Bankruptcy will last for 1 year. After this time, you are discharged from all you debts and restrictions placed on you. Rarely, it can last longer if you do not cooperate with your trustee.

Whether or not your pension is affected by declaring bankruptcy depends on what kind of pension you have and whether you are currently (or within 4 years) receiving payments from it.

Help & Advice

What is a Will?

10 Mins Read

A Guide to Making a Money Claim Through the Small Claims Court

Read More
What is a Will?

9 Mins Read

How to Deal With Neighbour Disputes

Read More
What is a Will?

3 Mins Read

Navigating Legalities: A Guide for New Landlords

Read More
Compare solicitors

Recent customer testimonials

  • I was contacted by a very helpful and knowledgeable firm who talked me through my requirements. Very quick response and no pushing for trade. Recommend.

  • A great experience dealing with you guys gave me loads of companies to pick from to make our will out .. fantastic service will use you again if needed ..best wishes. Anthony

  • Had positive results from your website. Each company made contact. I didn’t feel pressured into making a decision quickly.

  • two firms contacted me and gave helpful advice to me as someone who was rather lost and did not know how to progress our PoA.

  • As the list of solicitors provided I can compare the services . According to that I been able to select the solicitor. Thank you very much.

  • I wanted a legal service. Power of Attorney. The website provided 2 possible companies, one of which contacted me the next day and have completed the job that I wanted done.

  • Excellent service. Got emails and callbacks from all three recommended companies. I needed advice on a commercial rental. The clear pricing structure helped me to make an informed decision.

  • Response was quick. Very nice man talked through my problem. Polite & friendly. Price quoted excellent.

  • The info was very useful and I am now considering which company to use

  • A good choice of law firms to choose from. Received a call very promptly from our choice. We will be following up in a couple of weeks. Very impressed.

  • Easy to use, no problems, results next day

  • Contacted within a few hours by Assured Plans and arranged the LPA I wanted over the telephone

  • Very helpful and kind put me at ease, made things simple ,step by step took me through everything and explained everything

  • The service was fantastic. Very professional. The price was perfect.

  • My contacting Law Superstore produced four replies from service providers, at competitive prices.

  • Very helpful and a few choices to make and who to manage my enquiry. Very easy to navigate to receive requests selected from the Law Superstore website.

  • Promptly received 3 very detailed options and quotes regarding LPA's

  • I received very prompt feedback from 4 companies, all feedback was detailed and comprehensive. When I am in a position to proceed I will contact the company I have chosen.

  • Got back to me right away very impressed with the way I was dealt with

  • Quick, efficient, professional service. Everything made clear. Thankyou

  • Call received within 5 mins. Very good

  • Helpful, clear and quick

  • Very helpful put me into the right direction.

  • I thought service was very clear I understood what was going to happen and when and with whom

  • Very satisfying experience with The Law Superstore website and the contacts provided by them.

  • My 1st experience on using the recommended is successful and have an appointment at home this month