If you own your own home, it is possible that it may have to be sold, however it is also
FAQ Category: Bankruptcy
Will my name be in all the papers?
This is often a worry for many people considering bankruptcy; however, since 2009 this has not been a common practice,
What are the restrictions placed on a bankrupt?
While you are un-discharged from the bankruptcy, it is a criminal offence to obtain credit of £500 or more without
How long will my bankruptcy last?
Normally a bankruptcy will last a maximum of 12 months until the automatic discharge applies. Charges on future earnings, assets
What is the role of the Official Receiver (OR) and Trustee?
The OR is a civil servant who works for the Insolvency Service and also acts as an officer of the
How do I go bankrupt?
You apply for bankruptcy by filing a form at: https://www.gov.uk/apply-for-bankruptcy As well as applying for bankruptcy yourself, someone else you
What is bankruptcy?
Bankruptcy is a form of insolvency and is normally only suitable if you can’t pay back your debts in a