If you can no longer manage your debts then you may be considering bankruptcy – but it’s important to know all the facts before making such a decision. Becoming bankrupt can have a big impact on your finances in both the short term and long term, so here is a selection of important bankruptcy facts to know about the issue. The person who takes control of your assets when a bankruptcy order has been made is known as the Official Receiver. They will be responsible for handling all bank statements and details on insurance policies linked to your finances and...