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Is bankruptcy right for you?

This section will help you work out whether going bankrupt is the right way of dealing with your debts. It covers the impact bankruptcy might have on all aspects of your lifestyle, including whether you might lose your home or your job.

Checklist - is bankruptcy right for you?

Checklist to help you decide whether bankruptcy is the right option to help you get out of debt.

Will you lose your home?

Explains the effect on your home, if you choose to go bankrupt.

Job and work - impact of bankruptcy

Explains how bankruptcy can affect your work, if you are employed in certain sectors, are self-employed or own a business.

Access to credit - impact of bankruptcy

Explains how bankruptcy can affect your ability to get credit in the future.

Bank account, savings, pension - impact

Explains what will happen to your bank account, savings and pension, if you choose to go bankrupt.

Belongings - impact of bankruptcy

Explains what will happen to your belongings, including clothes, furniture, jewellery and vehicles, if you choose to go bankrupt.

Immigration status - impact of bankruptcy

Explains how going bankrupt could affect your application for british citizenship.

Will your bankruptcy be public knowledge?

Explains which organisations the official receiver must tell, if a bankruptcy order is granted.