Longridge: 01772 783 314 | Garstang: 01995 602 129 | Lancaster: 01524 581 306 
 
Longridge: 01772 783 314 
Garstang: 01995 602 129 
Lancaster: 01524 581 306 

Posts tagged “Preston”

Bankruptcy is a multi-faceted beast- well, there are two ways of going bankrupt, and there are orders, assets, restrictions and registers to think of. 
 
If you can’t pay your debts, then you could make an online application to go bankrupt. Despite what most people believe, the cost of going bankrupt isn’t cheap, and in some cases, is certainly not a ‘soft option’, there being an application fee of £680.00, and there is no guarantee that the adjudicator, this being the person who works for the Insolvency Service, and will review your application, will actually make you bankrupt.  
 
The adjudicator will send an email within 28 days, confirming if the application is successful or not. If your application is unsuccessful, the £680.00 is not returned to you. 
As your trusted property solicitors, we understand that the ultimate goal is to get onto the property ladder and become the proud owner of your new home.  
 
Our Preston solicitors, (all of whom by the way own their own property, and completely understand how exciting it is to get the key and have that housewarming party asap), are on hand to make this happen in the smoothest fashion possible.  
 
However, there may be other obstacles standing in the way of this. 

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