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The Bankruptcy Service Case Study Example: Considering Bankruptcy For A 2nd Time

The following bankruptcy case study is a fictitious example, designed to help you understand working situations where bankruptcy is and isn't appropriate.

A look at someone considering bankruptcy for a second time.

Unfortunately I am in the position of considering bankruptcy for the second time. I am worried about how this would look, and also if my employment will be affected. I’ve had a tough few years and am concerned that this will just make matters worse.

You must do what is best for you, so it is imperative you get some impartial, expert advice as soon as possible, so that your situation can be looked at in detail to ascertain if bankruptcy is indeed the right course of action for you. There are not many jobs that are lost due to bankruptcy, but I’ve written a bit more about it on our page: bankruptcy and employment. Remember also, official receivers are there to help you, not to make you feel worse or put you on trial, so if you decide on bankruptcy, your case will be dealt with sympathetically at all times.

Free debt counselling and advice is also available from the Money Advice Service available at: doesn't charge a fee for its bankruptcy service, but receives remuneration from the partners that we work with in order to keep operating. Those partners must charge a fee to the customer to likewise cover operational costs, and this amount will vary depending on the solution offered, and the terms of the parner. For details of these terms, please refer to the website of the organisation dealing with your bankruptcy. Upon application with, we will forward your information on to one of our specialist debt partners. You will then be contacted, and you will be able to explain your case, and expert advice will be offered in order to ascertain the most appropriate debt solution.