Bankruptcy – How to file for bankruptcy
A court can declare you bankrupt by issuing a bankruptcy order after it’s been presented with a bankruptcy petition. That petition can be presented by one of your creditors or by you. When you present the court with a bankruptcy petition, it is known as filing for bankruptcy. Bankruptcy petition Your bankruptcy petition consists of [...]
A court can declare you bankrupt by issuing a bankruptcy order after it’s been presented with a bankruptcy petition. That petition can be presented by one of your creditors or by you. When you present the court with a bankruptcy petition, it is known as filing for bankruptcy.
Bankruptcy petition
Your bankruptcy petition consists of two forms:
- Your petition (Insolvency Rules 1986 form 6.27)
- Your statement of affairs (Insolvency Rules 1986 form 6.28)
(You can download these forms at the bottom of this page.)
Your petition form states:
- Your request to the court for you to be made bankrupt
- The reasons for your request
Your statement of affairs form states:
- All your assets
- All your debts, including the names and addresses of the creditors and the amount you owe each one
- A declaration of insolvency
(You will need to swear on oath regarding your declaration of insolvency before an officer of the court. You also sign the declaration in court.)
Bankruptcy charges
- A bankruptcy petition fee of £150 is payable. This fee can be waived if you meet specific criteria.
- An Official Receiver deposit of £360 is also payable. This amount cannot be waived.
More information
- Bankruptcy – what is bankruptcy?
- Bankruptcy – The bankruptcy process
- Bankruptcy – What is a certificate of summary administration?
- Bankruptcy – Voluntary and involuntary bankruptcy
- Bankruptcy – The advantages of bankruptcy
- Bankruptcy – The disadvantages of bankruptcy
- Bankruptcy – The alternatives to bankruptcy
- Bankruptcy – I am owed money by a bankrupt
- Bankruptcy – Insolvency and bankruptcy
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