If you are unable to meet your financial obligations as they fall due, you can apply to make yourself bankrupt. There is no minimum debt threshold. However, this is a significant decision and should only be considered after exploring all available alternatives.
How to make yourself bankrupt
To issue a bankruptcy petition against yourself, the following steps must be taken:
- Submit an application via the government’s Online Debt Solutions portal.
- Provide a Statement of Affairs, detailing your current financial position.
- Pay the required fees including the Official Receiver’s deposit (£550) and the adjudicator’s fee (£130).
Once your application is submitted:
- The adjudicator will acknowledge receipt and review the application for compliance with statutory requirements.
- If all requirements are met, a bankruptcy order will typically be issued within 28 days. Note: the adjudicator has no discretion to grant the order. If the application is incomplete or the fees are unpaid then the order will not be made.
What happens after a bankruptcy order is made?
If a bankruptcy order is granted:
- A copy of the order will be sent to the local Official Receiver’s office.
- The Land Charges Department will be notified, and the order will be added to the public register of writs and orders.
- The order will be advertised in the London Gazette and potentially in a local newspaper.
- You will be required to attend an interview with the Official Receiver to discuss your financial affairs.
Seek Professional Advice First
Bankruptcy is a serious decision with long-term consequences. Before proceeding, it is essential to seek advice from a qualified legal professional. You will be responsible for the accuracy of the information provided in your application, including the Statement of Affairs – a detailed and complex document that often requires expert guidance.
Our experienced insolvency team is here to help you understand your options and guide you through the process.
For more information, please contact our team of experts via email or call 020 8858 6971 today.
Meet the Personal Insolvency Solicitors team
Ray Crudgington
Managing Partner
Managing Partner
greenwich
02083054224
ray.crudgington@grantsaw.co.uk
Maria Lati
Partner
Partner and Head of Residential Property
blackheath
02083054229
maria.lati@grantsaw.co.uk
Mike Clary
Family
Partner and Head of Family
greenwich
02083054237
mike.clary@grantsaw.co.uk
Kalpa Prajapati
Partner
Partner and Head of Private Client
blackheath
02083053536
kalpa.prajapati@grantsaw.co.uk
Mario Savvides
Commercial Property
Partner and Head of Commercial Property
greenwich
02083053531
mario.savvides@grantsaw.co.uk
Sarah-Kate Jackson
Litigation
Partner and Head of Litigation
greenwich
02083054236
sarah-kate.jackson@grantsaw.co.uk
Adelaine Nietzold
Private Client
Solicitor
blackheath
02083053530
adelaine.nietzold@grantsaw.co.uk
Adina-Leigh Collins
Litigation
Solicitor
greenwich
02083053556
adina-leigh.collins@grantsaw.co.uk
Aisha Mohammed
Residential Property
Professional Support Lawyer
greenwich
02083054228
aisha.mohammed@grantsaw.co.uk
An Le Tran
Commercial Property
Professional Support Solicitor
greenwich
02083054226
anle.tran@grantsaw.co.uk
Ana-Maria Badeanu
Corporate and Commercial
Solicitor
greenwich
02083053539
ana-maria.badeanu@grantsaw.co.uk
Angela Shaw
Private Client
Solicitor
blackheath
02083054234
angela.shaw@grantsaw.co.uk
Angus Young
Litigation
Solicitor
greenwich
02083054225
angus.young@grantsaw.co.uk
Atifha Aftab
Family
Solicitor
greenwich
02083054238
atifha.aftab@grantsaw.co.uk
Bimal Kotecha
Litigation
Head of Insolvency
greenwich
02083053523
bimal.kotecha@grantsaw.co.uk
Carlos Torres
Commercial Property
Solicitor
greenwich
02083053524
carlos.torres@grantsaw.co.uk
Charlotte Warren
Private Client
Head of Trusts
blackheath
02083054231
charlotte.warren@grantsaw.co.uk
Claire Mac Mahon
Litigation
Solicitor
greenwich
02083053537
claire.macmahon@grantsaw.co.uk
Deborah Taite
Residential Property
Solicitor
blackheath
02083053542
deborah.taite@grantsaw.co.uk
Emily Pearce
Residential Property
Solicitor
greenwich
02083053526
emily.pearce@grantsaw.co.uk
Georgia Beales
Litigation
Paralegal
greenwich
02083054206
georgia.beales@grantsaw.co.uk
Hannah Stevens
Litigation
Solicitor
greenwich
02083053541
hannah.stevens@grantsaw.co.uk
Jeremy Brooks
Private Client
Solicitor
blackheath
02083053534
jeremy.brooks@grantsaw.co.uk
Joanna Godden
Notary Public
Notary
greenwich
02083083627
joanna.godden@grantsaw.co.uk
Lauren Smith
Employment
Paralegal
greenwich
02083053543
lauren.smith@grantsaw.co.uk
Lisha Gorsia
Commercial Property
Solicitor
greenwich
02083054200
lisha.gorsia@grantsaw.co.uk
Maleeha Iqbal
Residential Property
Licensed Conveyancer
greenwich
02083054232
maleeha.iqbal@grantsaw.co.uk
Mandeep Clair
Family
Solicitor
greenwich
02083054235
mandeep.clair@grantsaw.co.uk
Michael Pope
Corporate and Commercial
Solicitor
greenwich
02083053540
michael.pope@grantsaw.co.uk
Michelle Pinnington
Residential Property
Solicitor
blackheath
02083054216
michelle.pinnington@grantsaw.co.uk
Randeep Thethy
Residential Property
Solicitor
greenwich
02083054209
randeep.thethy@grantsaw.co.uk
Sarah Hogan
Residential Property
Solicitor
blackheath
02083054214
sarah.hogan@grantsaw.co.uk
Simona Bishop
Litigation
Solicitor
greenwich
02083053521
simona.morina@grantsaw.co.uk
Tatiana Zenina
Private Client
Solicitor
blackheath
02083054239
tatiana.zenina@grantsaw.co.uk
Trisha Djemal
Residential Property
Consultant Solicitor
blackheath
02083053546
trisha.djemal@grantsaw.co.uk
Tyrone Grant
Residential Property
Head of Leasehold Enfranchisement
blackheath
02083053522
tyrone.grant@grantsaw.co.uk
Denise
Accounts Staff
greenwich
02088586971
enquiries@grantsaw.co.uk
Jamie
Support Staff
Head of IT
greenwich
02088586971
enquiries@grantsaw.co.uk
Kasia
Accounts Staff
greenwich
02088586971
enquiries@grantsaw.co.uk
Janet Gomes
Support Staff
HR Manager
greenwich
02083054233
janet.gomes@grantsaw.co.uk
Michael Tobin
Support Staff
Marketing and Business Development Manager
greenwich
02083053550
michael.tobin@grantsaw.co.uk
Sue Holness
Support Staff
Customer Services
greenwich
02083054221
sue.holness@grantsaw.co.uk
