Bankruptcy
Bankruptcy
Bankruptcy Advisory Service Ltd
Location: 1 Bridge Cl, Knaresborough HG5 8PN – Phone: 01423 862114
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Bankruptcy Bureau – Visit the website here
Location: UK – Phone: 0800 464 0718
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Bankruptcy Explained
Location: BfA Group, 1105 Christchurch Road, Bournemouth, Dorset, BH7 6BQ – Phone: 01202 238547
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Begbies Traynor Group – Visit the website here
Location: 11 Clifton Moor Business Village, James Nicolson Link, Clifton Moor, York, North Yorkshire, YO30 4XG. – Phone: 01423 569999
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MCcormicks Solicitors – Visit the website here
Location: McCormicks Solicitors Wharfedale House, 35-37 East Parade, Harrogate, North Yorkshire, HG1 5LQ – Phone: 01423 530630
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Milners Law – Visit the website here
Location: 12 Princes Square Harrogate North Yorkshire HG1 1LX – Phone: 01423 530103
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Bankruptcy
A bankruptcy order can be made for one of three reasons:
you cannot pay what you owe and want to declare yourself bankrupt
your creditors apply to make you bankrupt because you owe them £5000 or more
an insolvency practitioner makes you bankrupt because you’ve broken the terms of an individual voluntary arrangement (IVA)
2.1 If you do not live in England or Wales
You can declare yourself bankrupt in England or Wales if you live outside the UK, provided you lived in England or Wales or have had a business there at some point in the last three years. The Bankruptcy Order made in England and Wales may not be recognised in other countries outside the UK.
You cannot declare yourself bankrupt in England or Wales if you live in Scotland or Northern Ireland.
If you owe less than £30,000 and have no assets you might be able to get a Debt Relief Order (DRO).
You can apply to make yourself bankrupt online.
If someone else has applied to make you bankrupt you’ll get a copy of the petition so you’re aware of the situation. You can ask the court not to make you bankrupt but you will most likely need to pay the debt or prove to the court that you do not owe the money.