Declaring Bankruptcy

There is no need to deal with the stresses of going bankrupt alone

Is Bankruptcy For Me?

If you have little or no disposable income (no money to repay your debts) then Bankruptcy would certainly be one of a limited options available to you. Bankruptcy can clear all your unsecured debts and prevent any further creditor calls. A bankruptcy professional can assess whether bankruptcy is right for you and offer you all the advice you need to go bankrupt. If you don't want the hassle of having to declare bankruptcy yourself, then a bankruptcy professional at Finance4me UK can help you with all the paperwork.

Our Service

In partnership with Finance4me UK, The Bankruptcy Clinic offers you a professional, in-depth service covering all areas of the bankruptcy procedure. The Bankruptcy Clinic will pass on any details you submit via our site onto Finance4me UK who will then contact you and discuss the best way to handle your debt situation.

Their team of expert bankruptcy advisors will first go through your financial situation, and see if bankruptcy really is your best option. You may find that your personal situation is more suitable for an alternative debt solution, such as an IVA or Debt Management Plan. Finance4me UK will guide you through the debt options open to you and help you put a debt solution in place.

If you do feel that bankruptcy is your best option then they can help you with your bankruptcy application and guide you through the whole bankruptcy process.

Do you qualify for Bankruptcy?

See if you Qualify


Your unsecured debts can usually be written off.

Creditors have to stop most types of court action to get their money back following a bankruptcy order.

Debt free typically in 12 months.


It must be noted that bankruptcy isnt for everyone. There are certain bankruptcy restrictions once you have been made bankrupt by the court which usually last 12 months from the date the court made you bankrupt.

Reduced borrowing


You will be unable to borrow more than £500 without informing the lender you are bankrupt

Restricted employment


You will not be able to act as a company director, insolvency practitioner and certain other positions in the finance sector may have caveats in place in their work contracts meaning that you cannot hold that position whilst subject to a bankruptcy order.

Notification required


You will not be able to manage another business without telling business associates that you were made bankrupt.

Low credit rating


Bankruptcy can also have a severe effect on your credit rating. If a debt has been included into your bankruptcy then the creditor will mark the account in default. The default could remain on your credit file for up to 6 years from the date the default was issued.

Completing the forms

Many people find that these forms can be very tricky to fill in. it is important that you declare your financial status correctly, so that you don’t experience any complications in court or with your bankruptcy order.

Remember that when you declare bankruptcy, it is a legally binding and public process, so it is essential that these forms are filled in correctly, or you could potential face a court mandated punishment lasting for up to 15 years.

But don’t worry, as part of the service their dedicated bankruptcy advisors will complete the forms on your behalf. They have the highest level of expertise so you have the piece of mind that your documents will be filled in correctly, and they are reviewed thoroughly prior to being submitted to your local court. To declare bankruptcy in England and Wales the average cost is approximately £705 depending on your local county court. This fee is made up of a court fee typically around £180 and a fee of £525 which is paid to the official receiver. In Northern Ireland the court fees tend to be less. You may be exempt from part of these fees if you have a low income or receive certain benefits. If you wish to have assistance with you bankruptcy forms and have expert advice in ensuring the bankruptcy forms are filled in correctly then the total cost of your bankruptcy can be £1,200 or £1,400 for a joint application.

The Bankruptcy Clinic Team

Bankruptcy Clinic in partnership with Finance4me UK have their own team of bankruptcy advisors, so you can rest assured that they are available to answer your questions regarding any aspect of the process, via a free phone number.

Their telephone support service is unlimited, so even if you have questions after your bankruptcy process, their bankruptcy advisors are on hand to answer any questions that you may have, at any stage.

Bankruptcy Counselling: As part of our Best Advice Service, Bankruptcy Clinic offer bankruptcy counselling. We understand that the bankruptcy process is a very stressful time, and they are on hand to help you decide if bankruptcy really is the right decision for you.

Even after your bankruptcy has been discharged from your bankruptcy order, they are here to help. They can offer you advice on your life after bankruptcy, such as how you go about getting accepted for further credit, such as a mortgage, and how to cope with any employment issues you may have.

If you are thinking about declaring yourself bankrupt, then it is important that you get expert advice. For further information about our Bankruptcy Service, you can contact one of their expert advisors today via our online enquiry form.