Do I need to attend a bankruptcy court hearing?
In the past, you needed to attend court if you declared bankruptcy. You do not need to do this any more.
Instead, you submit an online application and an adjudicator assesses it. You are then notified of their decision.
Who decides if a bankruptcy can go ahead?
The adjudicator decides if your bankruptcy can go ahead.
They decide if you are insolvent. This means you cannot afford to pay what you owe.
The adjudicator could refuse your bankruptcy if:
- You can pay off your debts
- Like by using savings
- Another solution would be better for you
- Like a debt relief order (DRO)
Important things to know:
1. You become bankrupt the same day your bankruptcy is approved
2. You are assigned a trustee to deal with your case
- The trustee is an Official Receiver or Insolvency Practitioner
- The trustee takes control of your assets on the day of your bankruptcy
3. The people you owe cannot take action to collect your debts during bankruptcy
4. Debts included are written off once you are discharged