Most free debt advice providers can help you.
It costs £90 to arrange a Debt Relief Order and you can pay in instalments over six months.
You need to pay the fee in full before your application will be looked at.
Once you have applied and paid the fee, an Official Receiver will grant the Debt Relief Order if you are eligible.
Once a Debt Relief Order is agreed, you make no further payments to the people you owe money to (your creditors).
Your creditors are only likely to agree to a Debt Relief Order if it is unlikely that you will ever be able to clear your debts.
Bankruptcy is just one of the debt solution options available. Your money is shared out amongst your creditors (the people you owe money to) and most of your debts are written off. There are other options available to people struggling with debt and you should speak to an expert to find out which option is the best for you.
Contact the courts for a Certificate of Discharge to prove that you’ve finished your bankruptcy. You will be free from all your debts, except for debts gained by fraud, outstanding child maintenance payments, court fines, debts created after the bankruptcy order, or damages payable to anyone for personal injuries.
Is Bankruptcy right for you?
Free Bankruptcy advice! Our Bankruptcy advice team are here to help you
Bankruptcy is a big step we will make sure it’s right for your situation
No set up fees! We never charge set up fees