R.H. (name has been changed for privacy purposes) was the Director of a subcontracting construction company that suffered in the economic downturn. As a result, his company was unable to meet its financial obligations. R.H. had signed personal guarantees for material suppliers and found himself in a position where he was financially exposed and risked losing all his business and personal assets, including his family home.
How We Helped:
R.H was surprised that by declaring bankruptcy he would still be able to fly to New Zealand to visit his parents during the bankruptcy, and keep his family home. This made R.H.’s decision to file for bankruptcy an easy one. Fix Bad Credit supported R.H. throughout the whole process, even once he was declared bankrupt, being only a phone call away, to assist with any questions and queries he had. What’s more, they were able to give R.H. a second chance, getting him out of bankruptcy within a year.