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Hi, Thank you for your question and welcome, my name is Alex J. Bankruptcy is an option as it will generally only last one year and will wipe the slate clean. The only problem is you will have the following difficulties post bankruptcy (1) Being a company director, (2) applying for credit for 6 years and (3) Holding any fiduciary position for example in charge of finances of a charity. If you have any assets these will be sold for the benefit of your creditors. How much is the debt? At this stage for the sake of wiping the slat clean a one year bankruptcy order I agree will be better than a 20 year IVA, you will no longer have the debts hanging over your head and will also no longer pay the IVA fees. I look forward to hearing from you. Kind regards AJ
what about the company which has lied to me for 5 years
i find it hard to believe registered companys can behave like this