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LATEST NEWS & EVENTS Bankruptcy 'can be a relief'  For some individuals, becoming bankrupt can be a relief, according to one expert. Writing for the BBC, Louise Brittain from Deloitte suggested that living with the burden of debt can be "crippling". Once a person is made bankrupt, their financial affairs are passed on to the government department known as the Official Receiver to be dealt with accordingly. At this stage, the financial affairs are reviewed and it is decided whether the case is sufficiently complicated to be transferred to a private insolvency practitioner. Before the Official Receiver makes this decision, it will interview the individual in question either in person or by phone. Ms Brittain added: "All your creditors must now deal with the Official Receiver and cannot continue to contact you directly." Recently, the Consumer Credit Counselling Service released the findings of a study which revealed that men are more likely to become insolvent than women. According to the organisation, 51.4 per cent of the people it advised to become bankrupt last year were male. 
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