You can apply to make yourself bankrupt if you cannot pay your debts. Check if there are other ways you can deal with your debts before you apply for bankruptcy.
Your application will be looked at by someone who works for the Insolvency Service called an ‘adjudicator’. They will decide if you should be made bankrupt.
How to Apply
What happens when you go bankrupt
- you will receive a copy of the bankruptcy order and may be interviewed about your situation
- your assets can be used to pay your debts
- you will have to follow the bankruptcy restrictions
- your name and details will be published in the Individual Insolvency Register