Are you staying in UK and Bankrupt

Any citizen in UK can declare himself bankrupt, provided he meets the following criteria:

A. A person is domicile in the United Kingdom. This means the person has a UK passport and has a correspondence address anywhere in UK.

B. The person had taken the debt or the major portion of the debt when he used to live anywhere in the UK.

C. The person needs to pay a Court Fee of £700. This fee is payable in cash at the time of filing the bankruptcy petition. Note, in certain conditions, the debtor can avail a reduction in the court fees.

If you are staying at UK and want to go bankrupt, you need to undertake the following steps in order to declare yourself bankrupt:

1. Go to Your local County Court
First of all, you need to identify your local county court where you will file your bankruptcy petition. You need to file all bankruptcy application related documents in person to your local County Court where you use to live. You can use the telephone book or the local directory to search your local County Court. For a person living in London, the bankruptcy application is filed at the Royal Courts of Justice which is located in the Strand.

2. Request for Application Forms
For filing your bankruptcy, you will need a particular set of forms which comprises:
Bankruptcy Petition (doc 6.27)
Statement of Affairs (doc 6.28)
You can make a telephone call to your local County Court and ask for these Bankruptcy forms. Give them your place of residence and they will send these forms by post. Make sure, you are calling to the right local County Court, as per your place of residence. The court sends these documents free of charge and also provides associated information regarding filing bankruptcy. These forms are also available on the web and you can download them for filing your bankruptcy.

3. Arrange the Applicable Court Fee
If you want to file a Bankruptcy petition, there is a fixed Court Fee that you will have to pay. This court fee is usually £700 per person. You need to have this money with you on the day when you go to the Court with your bankruptcy document to file your application. If any type of discount is applicable in your case, you may request the Court for this so that a reduction in the application fee is granted.

4. Advance Booking of an Appointment
In UK, all local county courts have their different procedures. Some may require you to book an appointment in advance while in some courts you can walk in any time and request to initiate the proceedings. Check if your local county court doesn’t require an advance appointment. If your court needs a prior appointment, you will have to book it well in advance. In case, you live in London and have filed your bankruptcy petition in the High Court situated in the Strand, you don’t need a prior appointment in most of the cases. You may turn up on the pre-scheduled day and your petition will be heard.

5. Complete your Bankruptcy Documents
You need to complete the details of the two forms named above. These are bulky forms which require a number of inputs. You need to complete both these forms fully and correctly. These forms will usually require quite some time and don’t leave any detail incomplete. Once you complete the forms carefully, make two photocopies of these forms. You need to submit three copies of the forms to the Court.

6. Present Your Completed Application Form at Court
Once you complete your bankruptcy forms, you must submit them to your local county court along with the Bankruptcy fee. You need to submit all these to your local County Court in person. Reach the court as early as possible. It takes time to complete the whole bankruptcy application process. If you arrive at 9.30 am in the morning, the entire process will be done the same day and you will get the date for hearing of your bankruptcy petition.

In your local county court, hand over your bankruptcy application forms to the court clerk together with your fee. Make sure that your forms are filled correctly and you put your signature on the Bankruptcy Document while handing over your form. You can then go to meet the District Judge in order to ensure that you are eligible for the bankruptcy. If the judge finds your bankruptcy application appropriate, he may declare you bankrupt the same day.

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