Bankruptcy

Bankruptcy is when you admit legally that you can't pay off what you owe to your creditors. You can do this as either a private individual or a business. You can also have bankruptcy imposed upon you, usually by creditors who are trying to recover money that you owe them. You can only apply online for bankruptcy via https://www.gov.uk/apply-for-bankruptcy. You no longer need to attend Court, an Adjudicator decides whether to approve your Bankruptcy application. It costs £655. We can complete an application form to apply for the Bankruptcy fee of £655 if you cannot afford to fund this in certain circumstances.

How bankruptcy works

If the adjudicator makes you bankrupt: You will receive a copy of your bankruptcy...

Is it right for me?

There is a common view that bankruptcy is a 'last resort' for dealing with debts. However...

Final points

Bankruptcy could offer a way out of problems with unmanageable debt, but be aware...