Here's a step-by-step guide on how to declare bankruptcy yourself in the UK

Fill out the bankruptcy application form

You can obtain the bankruptcy application form online or from the local court. You will need to provide information about your financial situation, including your income, expenses, assets and debts.

You’ll need to provide information about your

debts employment/income pension bank accounts assets outgoings.

Pay the  bankruptcy fee

There is a fee for declaring bankruptcy, which is currently £680. If you cannot afford to pay the fee, you may be able to apply for help with the costs.

Submit  the application

Once you have completed the application form and paid the fee, you will need to submit the form to the court.

Attend a  court hearing:

The court will review your application and may ask you to attend a hearing to confirm your bankruptcy. During the hearing, the court may ask you questions about your financial situation and why you are declaring bankruptcy.

Appoint  a trustee or Advisor:

If your bankruptcy is confirmed, a debt advisor will be appointed to manage your assets and debts. You will need to provide the trustee with information about your financial situation and cooperate with them throughout the bankruptcy process.

Follow the bankruptcy restrictions

Bankruptcy comes with restrictions on what you can do with your money and assets. For example, you may be required to hand over certain assets to the trustee and you will not be able to apply for credit without informing the lender that you are bankrupt.

Get free advice about bankruptcy

If you're struggling with debt and considering bankruptcy, don't hesitate to get free advice from trusted sources. Contact Acme Credit Consultant today to speak with a knowledgeable professional who can help guide you through the process and explore your options. Take control of your financial future - get started with a free consultation now.