Who can enter into an FTVA?
You can enter into an FTVA only if you have been made bankrupt. HSF will prepare all necessary paperwork and handle relations with your creditors and the Official Receiver.

What if I don't have sufficient equity?
If you don't have sufficient equity to fully repay your creditors, we can request that your creditors accept a reduced payment.

How much will an FTVA cost?
The Official Receiver charges a fixed fee of £300 for acting as nominee, which must be paid at the time you submit your proposal.In addition, there is a fee of £35 for registering the FTVA with the Secretary of State. This is also payable at the time you submit your proposal.
HSF will pay both of these fees on your behalf.
HSF is a not for profit company and we only charge our administration fees.
You will not be charged an assessment fee before we take on your case.
You will not be charged a success fee or fee upon completion

What will happen if you annul my bankruptcy?
- You will be able to keep all your assets including your house and your car.
- The bankruptcy will be removed from the Land Registy, the Insolvency Register and your credit record.
- You will have no outstanding unsecured debts.
- All your bankruptcy restrictions will be lifted.
- You will be returned to your pre-bankruptcy status