We’ve put your budget together and advised you that the best way to get your situation back on track is to declare yourself bankrupt.
We know that there’s a lot of information to go through during the bankruptcy application process, but you don't need to go through this alone. Here are the first steps you need to take.
On this page you'll find...
Answers to the questions our bankruptcy clients ask us most often. You'll also find further information in our Debt Information section.
The MoneyAware team are here to support you while you progress through your bankruptcy, with tips on how to stick to a budget and increase your income.
How do I apply for bankruptcy?
To go bankrupt, you need to apply online through the Insolvency Service website. Your bankruptcy will be administered by an officer from the Insolvency Service called an official receiver.
The fee to go bankrupt is £680 in England and Wales, and £659 in Northern Ireland. You won’t be able to submit your bankruptcy application until you’ve paid it in full. However, you can pay in instalments if you’re unable to pay it all at once. You may also be able to get a grant to help cover the fee.