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What Is Bankruptcy ?
What Is Bankruptcy ?
Bankruptcy is a legal process involving the seizure of property & assets of an individual who is unable – or unwilling – to pay their debts, the assets and property is transferred to a trustee to be sold. The proceeds of the sale are then distributed between the person’s creditors.
For more information please call us free on 01657 5602 or fill out our quick contact form and we will get back to you.
Bankruptcy is a legal process involving the seizure of property & assets of an individual who is unable – or unwilling – to pay their debts, the assets and property is transferred to a trustee to be sold. The proceeds of the sale are then distributed between the person’s creditors.
For more information please call us free on 01657 5602 or fill out our quick contact form and we will get back to you.