Take Control
Of Your Financial Future
If you're facing overwhelming debt or financial stress, you're not alone. Bankruptcy may seem like a daunting process, but with the right support, it can provide you with the opportunity to reset and rebuild. At Resolv, we understand how challenging this time can be, and we’re here to guide you through every step with expert advice and a compassionate approach.
Where to next
Do you need to consider a personal insolvency strategy?
Business Failure or Personal Guarantee Liabilities
If your business fails and you’re personally liable for debts, bankruptcy can be a solution to address personal financial responsibilities and protect your future. Resolv can assist you in navigating the complex financial landscape, helping you understand your options and ensure you're protected from further financial strain
Overwhelming Debt, high repayments
When your debts have become unmanageable, and you can’t see a clear path to repayment, bankruptcy can provide a fresh start by eliminating most of your liabilities. At Resolv, we can assess your financial situation and guide you through the bankruptcy process, helping you achieve the best possible outcome
Relationship Breakdown or Divorce
A major life change such as a relationship breakdown or divorce can lead to financial difficulties. Bankruptcy can help you regain financial stability and move forward. Resolv offers compassionate, expert guidance to help you manage the financial aftermath of a relationship breakdown, and we’ll work with you to develop a strategy for your recovery.
Loss of Income or Unemployment
If you’ve lost your income or experienced a significant decrease, bankruptcy can provide relief from financial stress.
Resolv will help you explore how bankruptcy can help you manage this difficult period and regain financial stability.
We're real humans and here to help
Personal insolvency, or bankruptcy, can often feel like a daunting decision, but it can also be incredibly liberating. By allowing individuals to reset their financial situation, bankruptcy provides a chance to free themselves from the weight of unmanageable debt. It offers a fresh start, relieving stress and providing a clear path to rebuilding financial stability.
With the right guidance, bankruptcy can help you regain control of your life, giving you the opportunity to focus on your future, rebuild your credit, and move forward with peace of mind. At Resolv, we're here to support you every step of the way, helping you navigate this process with confidence.
Benefits
Considering Bankruptcy? Understand the outcomes
Personal insolvency occurs when you're unable to repay your debts, and your liabilities exceed your assets. It's a legal process that provides a fresh start, either through a Personal Insolvency Agreement (PIA) or bankruptcy, depending on your situation. The process allows you to manage or eliminate your debts and work towards regaining financial stability.
Immediate relief from your debts
Bankruptcy or personal insolvency offers a quick solution to stop creditor harassment, legal action, and the constant stress of unpaid bills. By addressing your debts head-on, you can regain control and begin rebuilding your financial future. At Resolv, we help guide you through the steps to relieve this burden, so you can focus on moving forward with a clear, fresh start
Opportunity for Financial Rebuilding
Bankruptcy provides a chance to reset your finances and start fresh. While it impacts your credit score initially, it allows you to rebuild by adopting better financial habits and making timely payments. Over time, you can improve your credit and access better financial opportunities, setting a solid foundation for long-term stability.
Protect the family home
In many cases, bankruptcy can help protect the family home. By relieving the financial pressure you’re facing, you can refocus on your mortgage. Lenders typically don’t want to take possession and will rarely do so simply because you've filed for bankruptcy. While there are no guarantees, Resolv’s expertise in the bankruptcy process ensures we provide you with a straightforward, honest assessment of your chances to protect this important asset.
Revitalize Your Emotional Well-Being
Bankruptcy offers more than just a financial reset—it provides emotional relief. By freeing you from the stress of overwhelming debt, you can regain peace of mind and focus on your well-being. At Resolv, we understand the emotional toll of financial challenges and are here to guide you through the process, helping you move forward with clarity and control.
Choosing bankruptcy was one of the hardest decisions I’ve made, but it was also the best. The stress of overwhelming debt was taking a toll, and bankruptcy offered me the fresh start I needed. With Resolv’s guidance, I was able to move through the process with confidence. It not only provided financial relief but also restored my peace of mind, giving me the opportunity to rebuild my life and regain control.
Chris H
FAQs
Get clear answers to your questions about Personal Insolvency and Bankruptcy.
Got more questions? We’ll address them during our planning session. Contact Us
Insolvency simply means you’re struggling to pay your debts when they’re due. Bankruptcy is one way to deal with insolvency, but it’s not the only option. While bankruptcy provides legal protection and wipes most debts, it also comes with responsibilities and restrictions. There are also alternatives, like debt agreements or negotiating new repayment terms, that might better suit your situation.
Bankruptcy is a legal process designed to give you a fresh financial start. A trustee will manage your debts, and most unsecured debts will be cleared. However, there are things to consider, such as possible limits on overseas travel and certain assets.
It’s not the right solution for everyone, but for some, it can provide much-needed relief and a clear path forward. If you're unsure, it's always a good idea to get advice on your options first.
Yes! Bankruptcy is just one way to deal with financial difficulties, but there are other solutions that may help, such as:
Debt Agreements – A structured way to repay part of what you owe in a manageable way.
Personal Insolvency Agreements – A flexible arrangement tailored to your financial situation.
Negotiating with Creditors – In many cases, lenders are open to discussing new payment terms.
The key is to explore what works best for you. There’s always a way forward, and support is available to help you get back on track.
Take the first steps toward financial recovery
Facing financial uncertainty? Let Resolv guide you with expert advice and compassionate support. Contact us today for a free, confidential consultation and take the first step toward clarity.