My Profession Doesn't Allow Me To Go Through Bankrupcty: Options Available

By on December 2nd, 2016

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If your profession doesn’t allow you to go through Bankruptcy there are other options available!

Bell & Company can assist clients through Personal Bankruptcy proceedings.  There are so many incorrect misconceptions surrounding the process of Personal Bankruptcy and one we hear regularly is that my profession will not allow me to go Bankrupt. More often than not most professions will not be effected if you declare yourself Bankrupt but some are If your profession doesn’t allow you to go through Bankruptcy there are other options available.

It is essential that you perform your due diligence and a simple telephone call to a HR department, Union or an open discussion with your employer can quickly determine your position should you opt for Personal Bankruptcy.

We have assisted clients through Bankruptcy from a variety of professions, for example:

  • Police Officers
  • Chartered Accountants
  • Taxi Drivers
  • Builders
  • Pharmacists

Other common queries we are asked by individuals considering Personal Bankruptcy include:

  • How can I go Bankrupt and keep my house?
  • Can I go Bankrupt if I have an IVA?
  • Can I go Bankrupt and keep my business?
  • If go Bankrupt can I buy a house?

There is no common yes or no answer here, it depends. Every single case is different and every individual has different circumstances which need to be fully reviewed. Bankruptcy in Northern Ireland has much of the negative stigma attached removed since 2008. Genuinely it is an excellent tool for those with unsustainable debts to start over. We understand the stress of living with Bankruptcy is still great and our team empathise with you and work together to minimise the stress.

Sometimes Bankruptcy is not an option, determined by employment, or other factors and Bell & Company can assist in all debt negotiations. We are debt strategists and do this work day to day and are proud that we change lives daily.

If you want to discuss debt management, be it Personal or Business Debt, then please call our team today on 02895 217 373. We will give you all options surrounding Bankruptcy and the ramifications of any route you choose. All our initial consultations are free.

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