If you are facing bankruptcy then it is important to speak to a professional debt advisor before proceeding with bankruptcy. Debt Advice Online was set up to deal specifically with cases of serious debt that require immediate expert help. Advice is given both on avoiding declaring Bankruptcy and also how to go through the whole bankruptcy process. After speaking to a professional debt advisor, you may find that Bankruptcy might not be the right solution for you and there are better alternatives. Either way, we will help you decide which debt solution is the most suitable for you.   Bankruptcy is the long - established formal legal process for writing off unmanageable debt. This process is under the control of the Official Receiver.