Should I petition for my Bankruptcy?

There are many pros and cons involved in making this decision, however to get an overview of what is involved in both insolvency processes, Purnells would recommend that you first read our Laymans Guide to IVA's and Bankruptcy.

You should never consider an IVA until you fully understand the processes involved in and implications of bankruptcy.

To really understand "what bankruptcy would mean to you" please click on "bankruptcy" in the left hand index of this page. The pages in this section make up a comprehensive guide to bankruptcy and will answer any questions you may have in relation to this often misunderstood insolvency solution.