Author Topic: How much is bankruptcy?  (Read 3124 times)

weddings

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How much is bankruptcy?
« on: Oct 12, 2009, 07:55:04 PM »
Is the cost of bankruptcy a flat fee or a percentage of written off debts?
Weddings

xstacie-mariex

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Re: How much is bankruptcy?
« Reply #1 on: Oct 29, 2009, 01:47:18 PM »
If your declaring yourself bankrupt as far as i am aware there is a 350 Official Reciever fee and 150 court fee (the 150 can in some cases be refunded).
Once you've been through the court process your then entered in a payment plan for 3 years in which all your income and expenditure is worked out and whatever if left (free money) the OR can arrange to take upto 75% of it tp pay towards your creditors. Should your circumstances change at all within these 3 years your payments will be altered if it be up or down. Hope this helps.

Debtwitch

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Re: How much is bankruptcy?
« Reply #2 on: Nov 02, 2009, 05:31:36 PM »
Some organisations will help with the petition costs.

Try performing some searches to do with help with bankrutpcy fees  - http://homepage.ntlworld.com/stuart.blackstock/funding/bankruptcy_fees.html could help, but there may be others too.

Best of luck.
Angela Rosler
Insolvency Manager  e: [email protected]

micawber

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Re: How much is bankruptcy?
« Reply #3 on: Dec 07, 2009, 04:43:34 PM »
I went bankrupt on Friday. It was £522 in total.

ladkans

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Re: How much is bankruptcy?
« Reply #4 on: Dec 15, 2009, 02:47:07 PM »
The fee to file for bankruptcy is £510. You pay £150 to the court and £360 to the Official Receiver (the Official Receiver is a civil servant in The Insolvency Service and an officer of the court).  If you have a low income or are currently receiving benefits, you may be exempt from the court fee allowing you to go bankrupt for £360.

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ladkans

bankruptcy.co.uk

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Re: How much is bankruptcy?
« Reply #5 on: Mar 10, 2010, 02:22:53 PM »
Bit of information on this.
 
The court fee for going bankrupt is £150.
The OR fee is £360.
 
Therefore the court fee currently for going bankrupt = Court fee + OR fee = £510.
 
If you go to the high court in London, then the fee is £522.
 
AS OF APRIL 6th 2010 THIS CHANGES.
 
The OR fee is increasing by £90 to £450 thus making the full fee to go bankrupt £600.
 
You can fill an EX160 form, if you are on benefits or have a low income which eliminates the court fee of £150. Therefore if you fill this in and go bankrupt before the 6th April the fee is £360. If you go bankrupt with this form after the 6th april the fee is £450. (Instead of £510 or £600).
 
I hope this helps
 
Raphael Gilbert
Raphael Gilbert
Head of Insolvency Divison www.ban