Thanks
2007-02-11 00:15:48 · 7 answers · asked by Me 3 in Business & Finance ➔ Taxes ➔ United Kingdom
If you own a business and your bankrupt i think you have to go to the department of trade and industry (DTI)
2007-02-11 00:25:49 · answer #1 · answered by vex 4 · 0⤊ 0⤋
If you go to the courts you can get forms from their offices which you take away with you to fill in. Once complete you go back with your fee (doesn't make sense; if you're filing for bankruptcy, where do they expect you to get the flippin money!). The offices of the court are quite helpful.
A solicitor would probably try to disuade you because a bankrupt is made to feel like the dregs. I've been told that you have to report every week/month (like a bloody criminal), to your financial person and from what I've heard, life is rather unpleasant. If you earn anything whilst bankrupt make sure it goes into your wifes/husbands name if you can as you'll only be given enough to live on.
I wish you all the best and hope you can sort out your problems (if it's you with the problem) without the hassle.
2007-02-11 01:00:01 · answer #2 · answered by Curious39 6 · 1⤊ 0⤋
Your local Citizens Advice Bureaux can arrange this for you and go through the options open to you according to your circumstances - there may be choices other than bankruptcy open to you. The actual hearing at the County Court costs about £350. About half is refundable for those on benefits or a low income. You then report to the court and the judge will usually rubber stamp the paperwork and place your affairs in the hands of the official receiver. You don't need to appoint a solicitor or anything, it is pretty simple and painless.
2007-02-11 00:43:06 · answer #3 · answered by Mental Mickey 6 · 1⤊ 0⤋
I believe you do have to go to court but is a very simple matter,and i think it cost about £200-£300.These fees may be for a solicitor and court fees as my brother-inlaw has done this.You need proof of earnings etc and obviously what your debts are.Once officially bankrupt you will not have to pay your debts as you are now financially unable to by law.I will ask my brother-inlaw for more details for you and will try to get back to you via this site
2007-02-11 00:35:09 · answer #4 · answered by Tony 3 · 1⤊ 0⤋
Er simply by fact judges, clerks, directors, protection officers, officers of the courtroom and courtroom time are no longer loose! Judges have truly proceedings to purpose no longer people who've fcked up with their funds. that's coming from somebody who's 20k in debt and crammed each and each of the financial disaster types and became going to be going to the severe courtroom in London (the place each and each of the massive proceedings circulate so some frightening sht!) to circulate bankrupt. There ARE extra decrease priced possibilities to financial disaster AND financial disaster isn't meant to *elementary* and it is not meant to be the thank you to run faraway from money owed for loose! So supply up griping and pay up! it is not mickey taking, that is referred to as business enterprise and not getting a loose journey! YOU ran up debt and now you prefer to get out of procuring those money owed AND what a loose thank you to do it! think of YOUR the single taking the fkcing pss mate!
2016-09-28 23:07:01 · answer #5 · answered by ? 4 · 0⤊ 0⤋
Go to the CAB for advice. They can tell you what steps you need to take but more importantly they may be able to provide you with a less drastic solution.
2007-02-12 01:37:16 · answer #6 · answered by gerrifriend 6 · 1⤊ 0⤋
you have to make an appointment with your local court and fill in forms or speak to the citizens advice first its free
2007-02-11 01:50:33 · answer #7 · answered by winnit07 2 · 1⤊ 0⤋