How can a person get bankrupt in England?

Another term for entering into voluntary bankruptcy is ‘debtor’s petition.’ What does this mean? It means a person applying to make himself bankrupt, in contrast to being another person making him bankrupt. Bankruptcy can be called a sort of debt solution suitable for individuals with debts they cannot repay in a practical time. What if a person decides to go bankrupt? The assets he owns, including his car or residence, will generally be sold to repay his debts. Who are the people for whom Bankruptcy isn’t possibly the best option? They’re people whose assets are worth more than their debts or whose regular payments are current, and they can continue paying them.

Making an application for bankruptcy is also known as ‘petitioning for bankruptcy.’ A person who’s keen on entering into bankruptcy voluntarily must submit bankruptcy forms online and make a payment.

How can another person make a person bankrupt?

A person can be made bankrupt by a creditor or a number of creditors. His creditors can initiate bankruptcy proceedings against him to attempt to recover the money he owes them.

They generally do this by issuing the person a document termed a ‘statutory demand.’ This document is a warning in writing that informs a person that his creditor/ creditors will initiate bankruptcy proceedings if

  • He doesn’t pay his debt


  • Arrive at an arrangement with them

This written document is generally given to him in person.

A creditor/ creditors can initiate bankruptcy proceedings against a person 21 days following issuing him a statutory demand.

When a person gets one from his creditor/creditors, he should contact an organisation offering complimentary debt advice immediately for some help. It’s always better to cope with this at the earliest.

When can Creditor/creditors make a person bankrupt without sending him a ‘statutory demand’?

Creditor/creditors do not need to send a statutory demand to make a person bankrupt in a few cases.

  • The person had failed an individual voluntary arrangement
  • The creditor/creditors had resorted to enforcement agents or bailiffs to gather a debt and found the person doesn’t possess anything of value

When creditor/ creditors do a Faliment Personal Anglia, the procedure is quite similar to when the person petitions for it himself. The difference is that the creditors must account for the court fees on his behalf.


People in England who could do with some bankruptcy advice can seek the help of an organisation offering complimentary debt advice. A person could be worried about his level of debt, and so is considering bankruptcy? He should get some professional guidance first. An organisation offering complimentary debt advice can help him decide whether bankruptcy is okay for him. They can also advise a more suitable debt solution for his circumstances.