Becoming bankrupt

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Applying to become bankrupt

There are other options for dealing with your debts that do not restrict what you can do as much as bankruptcy does. Before you apply to become bankrupt, find out about other options for dealing with your debts.

How to apply

You can only apply online.

Your address will be publicly available if you바카라 사이트™re made bankrupt. If this will put you at risk of violence, you바카라 사이트™ll need to apply for a 바카라 사이트˜person at risk of violence바카라 사이트™ order before submitting your application.

Apply for bankruptcy.

It costs £680. If you바카라 사이트™re struggling to pay the fee, a charity may be able to help. Find out where to get free debt advice.

The process to become bankrupt is different if you or .

After you바카라 사이트™ve applied

Someone who works for the Insolvency Service (called an 바카라 사이트˜adjudicator바카라 사이트™) will check if your application meets the requirements for bankruptcy.

They바카라 사이트™ll see if any other money could be used to pay your debts instead, for example your pension or savings. If you have access to other money and it covers your debts, the adjudicator might refuse to make you bankrupt.

If the adjudicator decides you can be made bankrupt, they바카라 사이트™ll accept your application and issue a bankruptcy order.

They바카라 사이트™ll then pass your case on to an 바카라 사이트˜official receiver바카라 사이트™ who바카라 사이트™ll deal with your bankruptcy.

Your name will be added to the Land Charges register - lenders can search this register if you apply for a mortgage.

If you바카라 사이트™re the sole owner of a property, HM Land Registry will add an entry to the register it holds for your property. This might mean you cannot sell your property.

Find out what happens after you바카라 사이트™ve become bankrupt.

How long it takes

You바카라 사이트™ll get an email or letter from the adjudicator within 28 days of submitting your application confirming whether you바카라 사이트™ve been made bankrupt. It can take longer if they need to ask you more questions.

If you바카라 사이트™ve changed your gender or name

If you바카라 사이트™ve changed your gender or name, you might have to include this on your bankruptcy application. The official receiver might need to tell other people your previous name if:

  • they need to do that to protect or recover the things you own

  • it will help people or organisations identify what you owe them

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