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 bankruptcy postbag for july
 quite straight forward to sort out own insolvency?
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crazeekev
Junior Member

United Kingdom
171 Posts

Posted - 02 July 2008 :  20:34:38  Show Profile  Reply with Quote
Is it quite straight forward to sort out your own insolvency

eamonn
Junior Member

320 Posts

Posted - 02 July 2008 :  23:24:46  Show Profile  Reply with Quote
yes you can print the forms online and if you have any probs post your question on hear and somebody will answer it for you good luck

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Reviva UK
Advanced Member

United Kingdom
2452 Posts

Posted - 02 July 2008 :  23:26:41  Show Profile  Reply with Quote
Hi there

it really depends upon how complicated your situation is, what level of stress you are under and whether the creditors are at the final stages with bailiffs etc.

The procedure in its simplest form is to fill in a Statement of Affairs ( 32 pages ) and a Bankruptcy Petition ( 2 pages) and phone your local court to make an appointment.

each court has slightly different procedures so if you ask the bankruptcy clerk to go over these then you will be sure to follow the right procedures for your court.

Paul Johns
Assisted Bankruptcy Specialists
Reviva UK
www.revivauk.com
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JulianDonnelly
Junior Member



United Kingdom
325 Posts

Posted - 04 July 2008 :  17:52:23  Show Profile  Visit JulianDonnelly's Homepage  Reply with Quote
Hi Crazeekev,

The key here is assets. If you have property etc, it may well be worth talking to a BR specialist first.

Regards

Julian Donnelly
Spokesperson for www.Bankruptcyhelp.org.uk
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melanie_giles
Senior Member



1191 Posts

Posted - 04 July 2008 :  23:15:39  Show Profile  Visit melanie_giles's Homepage  Reply with Quote
As you were talking about insolvency rather than bankruptcy - which is just one solution to deal with insolvency - do make sure that you consider other options such as a DMP or IVA. It may be sensible to discuss this with an insolvency practitioner, who is qualified and licensed to give advice on all insolvency options and solutions.

For an informal chat about any financial difficulties, or advice as to the options available, I can be contacted via my website - www.melaniegiles.com
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