Going Bankrupt with No Assets in the UK

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The information provided in this video is for editorial purposes only and not intended as financial advice. Free debt counselling, debt adjusting and providing of credit information services are available from MoneyHelper, an independent service set up to help people manage their money. You can find out more by contacting MoneyHelper. MoneyNerd is not associated with MoneyHelper, we just think they're great.
MoneyNerd does not give specific debt advice and we recommend that you always discuss your personal situation with a qualified adviser that works for a company that is authorised and regulated by the Financial Conduct Authority. With your consent MoneyNerd may pass you on to a trusted debt counselling company or insolvency practitioner. MoneyNerd Limited is an Introducer Appointed Representative of Pacific Financial Solutions Ltd who is authorised and regulated by the Financial Conduct Authority (Firm Reference Number 688034) and is classed as a debt counselling firm. Their in house IPs are Jason Bowen who is authorised to Act in the UK by the Institute of Chartered Accountants of Scotland (ICAS). Licence no. 22150 and Laura Stewart who is authorised to Act as in the UK by the Insolvency Practitioners Association (IPA). Licence no. 23590.

[@MoneyNerd]

Chat online with a solicitor to solve your debt issue: justanswer.9pctbx.net/c/2873512/1147978/9320?sharedid=youtube-debt

[@TheModernWarfare786]

If I hold cryptocurrency on hardware wallet will this need to be given to creditor in uk

[@iri6205]

Step change charges a "donation"

[@coyi3884]

What are considered assets?

[@David-fj5lz]

How

[@mohannadalhelo]

Hello MR ...
Do you think I can keep my only old car after Bankruptcy??

[@MoneyNerd]

yes, but only if you need it for work

[@jeniferallan6693]

Thank you for clear steps as to what will happen. I would like to ask two questions. Does the insolvency people work on behalf of the person going bankrupt, or is their main interest the debt agency. Also, does the debtor have to speak with the debt agencies, or does the insolvency agent do that?

[@alisonkirkpatrick2443]

I can answer your second question the adviser deals with your debtors

[@jeniferallan6693]

@@alisonkirkpatrick2443 thank you

[@fatbelly27]

Fraudulent debts also survive bankruptcy

[@alexanderrhodesevans4454]

Great video!