How much will my Bankruptcy cost?

If you apply to the Court to be made Bankrupt, the fees - which must be paid in cash, upfront - are currently £475. These are comprised of a Court Fee of £150 and the Official Receiver's fees of £325. There are no other costs.

If a creditor has petitioned the court for your bankruptcy, then your creditor has to pay all the costs involved.

But of course, the min cost, is that you lose all your assets which will be sold to repay your creditors.

 

Click here to return to >>> Debt Questions and Answers

Click here to return to >>> The Main Debt Management Page