Essential tips on how to go Bankrupt. Should you sell your car beforehand? Do you need to change your bank account? Will you have to make ongoing payments?
Why is your bankruptcy living expenses budget important? The recommended living expenses. What if you spend more? What if your children are over 18?
Is a jointly owned house at risk in Bankruptcy? What happens to your equity? What if there is negative equity? Can the OR force the house to be sold?
Can you give away your car before going bankrupt? What about your property? Can you protect your belongings by hiding them?
Can you stop paying an IVA and go Bankrupt? When is bankruptcy a better option? Will you lose the IVA payments you have already made?
What does the Official Receiver (OR) do? What happens in your interview with them? What paperwork will they ask you for? What if you don’t cooperate?
Can anyone make you Bankrupt? Are your creditors likely to take this action? Will HMRC petition for your bankruptcy? Is it better to go Bankrupt yourself?
A guide to the living expenses allowances for Bankruptcy in the UK. Get a free copy of our Bankruptcy living expenses guide.
How to go Bankrupt in England and Wales. Completing the application form. Paying the fee. Review of application by Adjudicator. Interview with the OR.