What is Bankruptcy | Bankruptcy InformationBankruptcy is a legal process where you are declared unable to pay your creditors. You can petition for your own bankruptcy (Debtor's Petition) or a creditor/s can petition (Creditor's Petition) for your bankruptcy if who you owe them more than £750. It costs around £150 court fee* (this is means tested, so you could apply for a fee concession) and around £360 for the Official Receiver's deposit in the UK. If you are interested in Bankruptcy you can contact your local court office by calling the Court Enquiries line on 0207 210 2266 or by looking under "court" in your local phonebook. You will need to speak to the bankruptcy clerk and ask them to send out the forms for you to fill out (also known as petition papers).
You can also Contact Us for any information you may have about bankruptcy and we will be happy to advise you. Bankruptcy Questions...
How to Avoid BankruptcyClick here to learn How to avoid going Bankrupt using our bankrutpcy alternatives.
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