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New Online Bankruptcy Application Goes Live Today

New Online Bankruptcy Application Goes Live Today

Changes introduced today (6 April 2016) will make it simpler and cheaper to apply for bankruptcy via a new online service at https://www.gov.uk/bankruptcy

Instead of going to court to obtain a bankruptcy order before a judge, the new online application will be dealt with by a bankruptcy adjudicator.

The costs are as follows:

·        £130 application fee (less than the court fee of £180). 

·        £525 deposit towards the Official Receiver’s costs.  

Despite making the process easier for debtors, bankruptcy remains a big step to take and anyone with financial problems should take expert advice before taking such an important decision.

There are a number of free debt advice agencies and charities available to help or alternatively, you can contact an insolvency professional or solicitor who specialises insolvency to discuss your position.

For any queries or advice please feel free to get in touch with Sean Jenner on 01392 848922 or sean.jenner@everys.co.uk

Links:

https://www.gov.uk/bankruptcy

https://www.citizensadvice.org.uk/debt-and-money/debt-solutions/bankruptcy-2/

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