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.