On 6th April 2016 a person seeking their own bankruptcy will no longer petition the Court but rather will submit an online bankruptcy application via the Governemnt website to the Adjudicator. The fee will become £130 (down from £180) and it will becpossible to pay this by instalment. However the the Official Receiver's deposit will remain at £525.
A Bankruptcy file will be opened by the Adjudicator, but once the Banjruptcy Order has been paid the case will (as at present) be transferred to an Official Receiver.
A creditor petitioning for the bankruptcy of a third party will still need to involve the Court.
31 Mar 2016
2015 sees the largest changes for the Insolvency profession in more than a decade.
05 Oct 2015
The Government has announced its intention to introduce a number of measures intended to reduce the costs of insolvency procedures
23 Jan 2014
A recent survey carried out for R3 has indicated that the number of “zombie businesses” has fallen
10 Jan 2014
The insolvency complaints gateway was launched on 5th June 2013.
06 Jun 2013
- Company voluntary arrangements
- Creditors voluntary liquidation
- Members voluntary liquidation
- Fraud and forensic investigations
- Litigation support
- Financial restructuring
- Individual voluntary arrangements
- Bankruptcy advice
- Informal arrangements