ANNULMENT OF BANKRUPTCY.

For the purposes of this scheme, let's assume that you have been made bankrupt for good reason, i.e. the bankruptcy order SHOULD have been made.

Only a court can then make an order of annulment but in order to do this you need to satisfy the court that all the fees and expenses of the bankruptcy proceedings have either:

• been paid off in full
• guaranteed to the satisfaction of the court
• or you have reached an agreement with your creditors in the form of an IVA, to repay all or part of your debts.

So, ADS Financial have produced a unique scheme in which you, the bankrupt, can pay off all your creditors in full and almost immediately, without the need to apply for an IVA which can stretch to years of repayments, obtain a clean file - and then remortgage at a lower rate after 180 days, giving you more financial freedom and removing the worry of paying off creditors, obtaining credit etc.

We will naturally guide you through the whole process in order to ensure the correct result is achieved.

You will need to have enough equity in your property, to release for payment of creditors to take advantage of the scheme - which is unique to ADS Financial, to do so, but for property owners, this represents in our opinion, the best all round option.

Once you have been discharged from bankruptcy, you are freed from the legal restrictions imposed upon you, so you can continue the rebuilding of your financial status.