Apply to bankrupt someone who owes you money
Overview
You have to present a bankruptcy petition to a court if you want to bankrupt someone because they owe you money.
There are also other ways to recover money you바카라 사이트™re owed.
A bankruptcy petition is an application to the court for someone바카라 사이트™s assets to be taken and sold to pay their debts.
Presenting a petition can be complicated. Most people use a solicitor or other professional to help them.
Using a mediation service could be quicker and cheaper. Mediation is when an impartial person helps 2 sides work out an agreement.
You can contact the Insolvency Service if you have questions about making someone bankrupt.
You cannot petition to bankrupt someone if you바카라 사이트™re told that they are temporarily protected from creditors through the 바카라 사이트˜Breathing Space바카라 사이트™ scheme. Find out what to do when someone is using the 바카라 사이트˜Breathing Space바카라 사이트™ scheme.
How to present a petition
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Prove you바카라 사이트™re owed at least £5,000 or a share of debts totalling at least £5,000.
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Check for other bankruptcy petitions against the person who owes you money (the 바카라 사이트˜debtor바카라 사이트™).
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Fill in the forms and deliver them to the court.
Fees
The court fees to make someone bankrupt are:
- £1,500 petition deposit (for managing the bankruptcy)
- £343 for court costs
Pay the fees using cash, postal order or a cheque made payable to 바카라 사이트˜HM Courts and Tribunals Service바카라 사이트™. You can pay by credit or debit card if you apply online.