question category: Bankruptcy

how much does it cost to make yourself bankrupt
Submitted on: 12th Mar 2009 by Non-Member | Total Answers: 2

I`am on income support and get a low rate disability premium how much will it cost to go bankrupt voluntary

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Re: how much does it cost to make yourself bankrupt

If you want to voluntarily become bankrupt you're going to need to have enough money to pay the court. The deposit is £335, plus there may be an additional fee of £150. The court may reduce or not charge this additional fee depending on your circumstances.

Submitted on: 13th Mar 2009 by TA Member

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Re: how much does it cost to make yourself bankrupt

The fees have now changed.

The deposit is £360 and the court fee is £150. This may well be waived since you are on benefits. If you phone the county court they will tell you whether you qualify.

Some courts require a fee for the affidavit (oath) of £12.

For a couple to go bankrupt this could all amount to £1044!

There is a little bit of help available with the fees from certain organisations. If you want some advice on that email me at the Debt Advice Foundation by clicking on my name.

Submitted on: 22nd Apr 2009 by Darren Member

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