Though there are a number of reasons to get professional help when you are declaring bankruptcy, there are still some people who prefer to do all of the legwork themselves. One of the main reasons for this is that you have to pay for the help you receive if you enlist the services of a professional. When you are declaring bankruptcy, paying for something else is probably something you would rather not do. However, paying for help with the bankruptcy process could actually save you a lot of money in the long run. However, there are still a lot of people who choose to do it themselves, so we are going to get you started the right way.
Identify Your Local Court
The first step in the bankruptcy process is to determine exactly which court you will need to present your paperwork to. These pieces of paperwork are referred to as your your petition documents, and they should be presented to your County Court local. This court can be identified by searching either the phone book or the internet. Incidentally, if you live in London, the proper court to present your petition documents to is the Royal Courts of Justice, and that court is located in the Strand. Of course, once you have presented the proper paperwork, there are still several steps remaining in the process.
Request the Forms
Of course, before you can present the completed forms, you must request them. Perhaps we should have placed this step first, but you need to have identified your local court before you can even request the forms. When you first call the court, you should confirm that you are talking to the right one based on your address. At your request, the court will mail you the first two forms you will need absolutely free of charge. These forms are known as the bankruptcy petition form and the statement of affairs. Alternatively, both of them can also be downloaded from the internet.
As About Fees and Appointments
While you have the court on the phone, you should confirm the exact amount of the court fess you will be responsible for. If you are on any kind of public assistance, then a discount on these fees may be available to you. Therefore, if this applies to you, then you should certainly ask them about it. Some courts require appointments for bankruptcies, and some accept them on a walk-in basis. If yours requires an appointment well in advance, so you should certainly ask them about that as well. At the Royal Courts of Justice in London, no appointment is required.
Complete and Present the Forms
This will likely take longer than you think. One of the two forms is thirty pages long, and both of them need to be completed fully and accurately. You should also make two photocopies of both of the forms before you go to the court house. Once you arrive, a clerk will witness your signature and accept your forms and fees.