There is a flat fee of £495 (inclusive of VAT) per person for our bankruptcy service.
What does this cover?
- Initial evaluation information and guidance
- Administration, preparation, assistance with completing and submitting the online bankruptcy application form as well as communications with lender
- Ongoing support leading up to the Bankruptcy order and for 12 months after we receive your application.
Traditionally, the application for bankruptcy would be submitted through the courts. However, since 6th of April 2016 applications are now submitted online and do not involve the courts.
The fee charged for going bankrupt in England and Wales is £680. This fee consists of a £130 adjudicator fee, and a £550 bankruptcy deposit, which is payable to the Insolvency Service via gov.uk.
Your ability to obtain credit will be affected in the short term and may also be affected in the longer term.