The downsides of bankruptcy

This video explores the downsides of bankruptcy; the costs, the debts that remain, and how the process might affect your employment, housing, and future finances.

Chapter Headings
0:00 - Intro
0:32 - Asset loss
0:59 - Costs & fees
2:14 - Debts not covered
3:31 - Employment
5:00 - Housing
6:57 - Future finances

Related videos in this series
What is bankruptcy?
   • What is bankruptcy?  
Two alternatives to bankruptcy
   • Two alternatives to bankruptcy  
Bankruptcy: how to do it
   • Bankruptcy: how to do it  

Links for this video
Insolvency Act 1986
https://www.legislation.gov.uk/ukpga/...
Insolvency Rules 2016
https://www.legislation.gov.uk/uksi/2...

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I'm Daniel Barnett, an employment law and HR barrister. I advise and represent clients in employment tribunal litigation. I have my main website (http://www.danielbarnett.co.uk) and work out of a set of Chambers in London (http://www.outertemple.com). I have a weekly podcast (https://go.danielbarnett.com/podcast) and am often asked to speak on the national and international legal and HR lecture circuits. I’ve written about fifteen legal textbooks (the main one is http://www.employmentlawhandbook.co.uk) and run a membership club for smart, ambitious HR Professionals (http://www.hrinnercircle.co.uk). I present the legal hour on LBC Radio (http://www.lbc.co.uk), the UK’s leading commercial talk radio station with an audience of 2.8m listeners, every Saturday night at 9pm.

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♨️ IMPORTANT INFORMATION:
This video is published by Employment Law Services Limited. The information in this video is for general guidance only and, although the presenters and publisher believe it was correct at the time it was recorded (March 2022), the law may have changed since then. You should always seek your own independent legal advice. Please note that for employment law, the law explained applies to England, Scotland and Wales. For all other areas of law, it applies to England only.

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