You make yourself bankrupt by submitting an online application and paying the bankruptcy fees.
Your bankruptcy will be administered by an officer from the Insolvency Service called an official receiver, and their staff of case examiners.
If the bankruptcy is approved, most of your debts are written off and these creditors are unable to take any further action against you to recover the money owed to them.
The official receiver will contact your creditors to let them know of your bankruptcy. Letters and phone calls from your creditors should stop soon after the bankruptcy because your creditors aren’t allowed to contact you to ask for payments. If calls or letters continue, let your official receiver know.
Going bankrupt is not an easy way out of debt. When you go bankrupt you’ll be subject to various credit and business restrictions. Also, your assets are at risk because they could be sold off to pay creditors.