Bankruptcy Assistance
13 February 2009 - 11:25 Filing for your own bankruptcy in the UK can be a daunting task. Having a specialist company lead you through the process can not only greatly increase your chances of your bankruptcy being accepted, but can also dramatically lessen the risk of you obtaining an IPA with a correctly balanced income and expenditure list.If you don't have any assets, or own your own home and your occupation isn't affected, then bankruptcy is a debt solution worth considering.
A bankruptcy specialist will require you to provide details on your income and expenditure, some history detailing how your debt problem has come to be, who your creditors are, what you owe and some other related details.
From this they will complete your bankruptcy petition, which is the document you'll be handing over to the court on the day that you go bankrupt.
Your court date won't be held in an open court; instead you are required to hand over the documentation that has been prepared on your behalf to an administration room, whereas you'll usually be asked to come back after a few hours once they've reviewed your case.
You will need to pay £495 to the court on the day that you go bankrupt to cover their administration fees.
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