How Do I Begin the Process of Bankruptcy?

Bankruptcy applications have moved online and out of the courts. This means that you have to fill in your bankruptcy application online rather than using the old paper form, and you no longer have to go to court. The online application is available on GOV.UK.

Once you've completed your application electronically, an Adjudicator (a government official who works for the Insolvency Service) will make a decision about your application.

The cost of going Bankrupt is £655

  • £130 for considering your application
  • £525 for managing your bankruptcy

You can also make payments online and pay in instalments of as little as £5. However, your application can’t be submitted until the total amount is paid.

If you are a married couple and you are both applying for bankruptcy you’ll both have to pay your own separate fees.

Please note that if your creditors have petitioned for your bankruptcy they may have to pay the fees.

What Happens Once I Have Filed for Bankruptcy?

After you have applied for bankruptcy and a bankruptcy order is made, you’ll be assigned an Official Receiver who will help you in the first stages of your bankruptcy. You may be asked to meet with the Official Receiver to determine the full extent of your debts, but also to discuss the reasons for them which may help you to manage better in the future.

Details of your bankruptcy will then be considered. Not all applications result in a bankruptcy order being granted – there are a number of other alternatives, such as the appointment of an Insolvency Practitioner to set up an Individual Voluntary Arrangement (IVA) if it’s determined that it would better suit your circumstances.

If you live elsewhere in the EU, you can’t declare yourself bankrupt in England or Wales. If you live in Scotland or Northern Ireland we recommend you visit:
Northern Ireland