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 hi how much does it cost to declare bankruptcy?
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ian.69
Starting Member



1 Posts

Posted - 26 October 2009 :  23:35:28  Show Profile  Visit ian.69's Homepage  Reply with Quote
hi how much does it cost to declare bankruptcy?

debtinfo
forum expert



2826 Posts

Posted - 27 October 2009 :  07:19:04  Show Profile  Reply with Quote
£510 but if on certain benefits this can be reduced to £360
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Melanie.n
forum expert



United Kingdom
1282 Posts

Posted - 27 October 2009 :  08:16:23  Show Profile  Reply with Quote
If you are on a low income or benefits based income it is possible to get a voucher to fund the whole costs of filing for bankruptcy (provided you have an utility account in your name). Contact your local Citizens Advice Bureau - they process the voucher scheme on behalf on energy companies. A similar scheme is operated by SSAFRA the armed forces organisation who will fund bankruptcy for ex service personnel

Other than that the fees are £360 Official Receiver fee and £150 court fee (though the court fee is waived if you are in receipt of qualifying benefits - if you contact the court and ask for a bankruptcy pack - a form comes with the paperwork giveing full detils of exemptions etc

Melanie Nicholas
28 years insolvency experience - 23 of which in the Insolvency Service
- Insolvency Manager
Jones Giles
email me at melanienicholas@jonesgiles.co.uk
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