What is a CCJ or bankruptcy?

- A CCJ is a type of court order in England, Wales and Northern Ireland that may be registered against you if you fail to repay money you owe. 

- It sets out how much is owed, how the money should be repaid and the payment deadline.

- Bankruptcy is a legal status of a person that cannot repay the debts he/she owes to creditors. In most jurisdictions, bankruptcy is imposed by a court order.