The Shackles of Debt

How Does Bankruptcy Work in the UK?


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Bankruptcies and bankruptcy in the UK  are a legal process that can be undertaken when a person has failed to repay their debts. The process allows a person’s assets to be used to pay back the debts owed and for the debt to be written off.  In this video, I speak about the pros and cons of bankruptcy in the UK and I outline what happens when you file for bankruptcy.

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Disclaimer:  Some links are affiliate links to products. I may receive a commission for purchases made through these links. However, this does not impact our reviews and comparisons. I only suggest products I’ve reviewed, and also use, in order to help you make the best choices.   All information in the video is merely for educational and informational purposes. It is not intended as a substitute for professional advice.

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The Shackles of DebtBy The Shackles of Debt