Bankruptcy Advice Westminster: How do you go bankrupt?
A crucial part of our bankruptcy advice Westminster service, is ensuring you understand bankruptcy: the benefits, the implications, what it means for you and your future, to make sure its the right decision.
Once we are confident that bankruptcy is the right path for you to go down, we can work together when submitting your application. We approach it in a way that feels manageable for you.
Your application is then submitted once the form has been completed and the necessary fee has been paid. If your application is properly filed, you will be declared bankrupt in two business days.
To be eligible, you must meet the following essential requirements if you are thinking about filing for bankruptcy:
- Have spent the last six months living in London (or any other place in England or Wales).
- You can't make your debt payments, thus you're insolvent.
You can be confident that by using our bankruptcy advice Westminster service, your application will be approved quickly and that your interactions with the Official Receiver will proceed without a hitch.

Why Choose Bankruptcy Guide in Westminster?
During this complex time, you want to find some sort of constant that you can rely on and communicate with. Here at Bankruptcy Guide, we have provided debt relief advice for many individuals from lots of different backgrounds. This has helped us understand how to approach and tailor advice to your specific circumstance. You can be assured that we will be there at every stage of the process, we don’t just leave you halfway. Even after bankruptcy, we can offer advice on how to improve your credit score and what the next steps look like for your finances.
What else you can expect from our Bankruptcy advice Westminster:
You must pay a mandatory cost of £680 before you can submit your application. This amount is the same whether you reside in Westminster or anywhere else. The online payment process can be conveniently completed with a credit or debit card.
Payment in instalments is an option. However, before your application can be filed, the entire amount must be paid.
The kind and worth of your assets will determine this. Some assets, such as necessary household goods and work-related instruments, might be protected. The impact of bankruptcy on your house and cars can be explained by our advisors.
Are you worried about losing your house? Speak with our experts right now.
Yes, filing for bankruptcy will affect your ability to get credit for six years after. As financial stability is restored, many people discover that their credit score gradually rises. We can offer advice to help guide you through this period.
Don’t delay in reaching out to us here at Bankruptcy Guide. We’re the step in the right direction when it comes to finding a trusted partner to seek advice from during this time. You don’t need to try and navigate the world of bankruptcy alone. Utilise our expertise and ensure you’re making the best decisions for your future.
Reach out to us today, even just for an initial conversation to see how we might be able to help you. If you’re ready to work alongside us for your bankruptcy journey, give us a call or let us know when the best time to contact you is.
We offer bankruptcy advice to the South East area, including Westminster, Camden, Croydon, Brixton, Fulham, Wembley, Hackney, Greenwich, Wimbledon and many more. Wherever you reside and whatever your situation - get in touch with us to get started.
