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Testimonials
“We are extremely satisfied with the level of service and professionalism combined with a friendly attitude of all the staff we spoke to, and would like to thank everyone at Harrington Brooks very much.”
Mr and Mrs B, Liverpool
“We were really pleased with the efficient way that Harrington Brooks handled our enquiry and by the speed in which our mortgage was finalised.”
Mr and Mrs S, Birmingham
“I found the staff at Harrington Brooks were all very polite, helpful and understanding. I couldn’t fault the level of service we received from start to finish.”
Mr J, Warrington
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Bankruptcy Process
Harrington Brooks are here to go through the different debt solutions open to you, helping you to draw comparisons and pick out their main differences. We would always recommend that you examine the alternatives to bankruptcy quite closely before making your decision. Although declaring bankruptcy writes off your debt, it should not be considered an easy way out. The implications of bankruptcy can be severe and long lasting.
The first step in the bankruptcy process is making an application to your local County Court. You should check what the exact procedure for bankruptcy is at your local County Court. Appointments may have a long waiting time. At the High Court, you may be allowed to turn up without making a prior appointment.
The Court will then provide you with the two documents you'll need to begin the proceedings, which are:
- The Bankruptcy Petition (Insolvency Rules 1986 form 6.27) which is how you petition your bankruptcy and give your reasons.
- The Statement of Affairs (Insolvency Rules 1986 form 6.28) detailing your assets, liabilities and the contact details of all of your creditors. This declaration of insolvency will need to be delivered under oath.
The two documents are both quite long and you'll need to make sure that they are each properly filled out.
There is a fee for declaring yourself bankrupt. If you're in receipt of benefits you may be entitled to a discount. If you are making a joint appeal with your partner, you will both have to pay the Court Fees. Likewise, if you are in a business partnership and applying for bankruptcy, the same ruling applies.
You have to take the original forms plus two photocopied documents to Court with the proper bankruptcy fee. On arrival, meet the Court Clerk who will take your fee, look over your documents and be the signatory witness on the Petition Document. Next, you meet with the District Judge who'll decide whether bankruptcy is the right option for you.
The Official Receiver, who is a civil servant and an Officer of The Department for Business, Enterprise & Regulatory Reform, (BERR) may require a face-to-face meeting where they will take a more thorough look at your application and decide how long your bankruptcy order should last for. In the majority of cases this is 12 months but can depend on your circumstances. It's also up to them to decide what assets to sell off and whether you can afford to contribute to your debt repayment with an Income Payments Order.
