Insolvencies, both personal and corporate, are recorded on The Gazette, which is available to be searched online. In Scotland, personal insolvencies are recorded on the Register of Insolvencies, and only some corporate insolvencies are recorded in the Edinburgh Gazette.
The insolvency register lists details of all current insolvencies and those that have ended within the last three months. Current restrictions (such as bankruptcy restriction orders) are also recorded.
There are also registers for the insolvencies within each country of the UK.
How do I go insolvent?
Every insolvency option has a different application process. In some cases you need a Government approved money advisor to make the application, and we can help you with this.
In rare cases your creditors can apply to a court to make you bankrupt. This is expensive for the creditor and is most commonly used where someone has enough assets to repay their debts. If a creditor makes someone with small assets bankrupt, there's no guarantee they'll get any money back. If you think a creditor is about to make you bankrupt, contact us immediately for specialist advice.