18 Months Fast Track Bankruptcy in London

If you are a EU citizen, have significant amount of debts (more than €250,000) and consider filing for bankruptcy in your home country you may look at the options the UK has to offer. Here bankruptcy and insolvency lasts only 12 months so you are debt free after a year. Courts anywhere in the EU have to discharge you from any debts occured in your home country when you can present a UK certificate of discharge.

Fee: £250 for an one hour phone consultation with our professionals, scheduled within one week

 

Process Overview

The UK has the most liberal bankruptcy and insolvency laws in Europe, very much resembling the American tradition. The focus is not so much the repayment of debt but rather to enable the 'honest but unlucky' bankrupt to get back into business again. This is why after only one year of bankruptcy in the UK all your debts are forgiven and you can start over.

Many clients from other EU countries don't know that they can also use the UK bankruptcy and insolvency framework, provided they move to the UK and the UK law does not contradict the law in their home country.

So even if you have all your debts in France or Germany you can still go through the UK bankruptcy process and your German or French debts will all be forgiven after 12 months. There are another minimum 6 months of preparation. This is why you have to assume a total length of 18 months for the whole process.

This sounds easy but in reality it is complicated and needs very careful planning and execution. Our firm has helped many clients throughout this difficult time and we are very happy with our 100% success rate.

Because of the significant costs attached to this process (you need to move to the UK etc) we only recommend this to clients with debts of more than €250,000. As a first step, and to discuss this further please request a telephone consultation with an expert who will advise you on the best steps forward in your particular situation.

Book a phone consultation and use our knowledge to your advantage

As part of our telephone consultancy service here in London, we will discuss your financial situation with you, and together we can decide whether you are eligible for insolvency proceedings or not (for example debts from criminal actions cannot be resolved by insolvency). This process is often profitable compared to paying thousands of euros to a business advisor.

And please remember: We have the background knowledge from our past experience – not just from the internet!

Our consultancy service is only intended to draw out the facts. We will be open and honest with you. It will be clear following these discussions, if you are eligible for insolvency proceedings in the UK or not.

Aims & Objectives of the consultancy meeting

The main aim of the phone consultancy will be to evaluate your eligibility in England for insolvency proceedings. For this we will consider following facts:

  • Possible remaining assets
  • Amount of debts
  • Type of debts
  • Your budget
  • Overall circumstances and general background
  • Your family situation
  • Your mobility
  • Your age
  • Whether you are retired or not
  • Your profession

All these facts play an important role in our evaluation. We will provide you with an honest opinion in regards to your situation and provide clear reasons as to why we have reached this opinion.

If you have already made the decision to file for bankruptcy in the UK, or if you are already in the middle of such a process, we can discuss the action with you and advise you on how best to bring the process to a speedy conclusion.

Of course we will answer all of your questions to the best of our capabilities, and we are happy to individualise the consultancy service as much as possible for you.

Problems with an on-going bankruptcy process in England?

We would be happy to intercede on your behalf. Our consultancy offer still stands, even if you are already in the middle of bankruptcy proceedings here in the UK, but are finding the process problematic.  Discuss all your concerns with an independent adviser.  We will try to help you find a solution.