The procedure for declaring bankruptcy is the same wherever the debtor is now living. Provided the debtor meets the jurisdictional criteria, application is made online through the online portal on GOV.UK. There is no need for any personal attendance at court or elsewhere.
The application must contain a statement which:
- states that the debtor is unable to pay his debts
- states that the debtor is not aware of any pending bankruptcy petitions
- provides details as to whether any bankruptcy order has been made in respect of any debts which are the subject of the bankruptcy application
- includes information as to any debt advice taken by the debtor before completing the application and verification of the accuracy of the information provided
A bankruptcy application costs £680, and applicants need to provide full disclosure of their personal and financial affairs including all debts, liabilities, income and assets in order to prove that they are unable to pay their debts. Details of all asset disposals within the preceding 5 years must also be provided.
The Insolvency Service adjudicator appointed to deal with the application will get in touch with the debtor by email and will make verification checks, including a search of the Electoral Roll, to determine the residence of the debtor.
Conclusion
If you want to find out anything further about this topic then please feel free to call me on 0330 236 9930, 0330 236 9938 or 07961 116321. All conversations will be in strict confidence. You can also email me vee@navigatebr.com.
This article is for information and interest only. It is not a substitute for full professional advice, which will take in to account the specific and individual circumstances. Navigate Business Recovery Limited cannot accept any responsibility for any loss arising as a result of any person or organisation acting or refraining from acting on any information.