Bankruptcy 
Bankruptcy is a formal insolvency procedure if you are unable to pay your debts. Your assets may be sold to pay your creditors as much as possible. This does not include equipment needed for your business, basic domestic equipment (cloths, bedding, furniture etc) and certain pension rights. Bankruptcy places a number of restrictions on you and it will affect your credit rating.
If you would like advice on your personal financial situation, our experts at REVIVAL will be pleased to help you.
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