The bankruptcy court that you should attend will depend on your circumstances. If you are petitioning for your own bankruptcy then you will usually have to go to the county court where you have lived or carried on business for the longest period in the past six months. For example, if in the last six months you:
Then the Bankruptcy court that you should attend will be located in Manchester.
If you have lived or carried on in business in the London insolvency district for the greater part of the previous six months before you petition then you should attend the High court in London.
If you would like to check which court you should be attending you may find the HMCS court finder useful.
You may wish to consider the following practical steps before you attend the bankruptcy court.
As mentioned above there will be court fees to pay. Unfortunately the bankruptcy process can be very expensive though you will only be required to pay a small fee. For more information go to the filing bankruptcy page. It will explain what bankruptcy will cost in the UK in 2011.
At the hearing the judge will want to know that you have sought advice. If you meet the grounds for bankruptcy (unable to repay your debts) then usually the bankruptcy order will be made. However, there are other outcomes to be aware of.
The court will not be able to make the bankruptcy order where all of the following conditions are met:
The report will take into account your willingness to enter an IVA and if the report does not favour the IVA proceeding then the court will make the bankruptcy order.
If the bankruptcy order has been made then the court will send two sealed copies of the bankruptcy order to the Official Receiver. One copy will be forwarded to yourself, though you may be given it at court.
Further to this the Chief Land Registrar will be notified of the bankruptcy order made against you for registration in the register of writs and order affecting land. The effect of this is that anyone, for example a prospective buyer, conducting a land registry search will see than a bankruptcy order has been made against you.
The official Receiver will also advertise your bankruptcy. It will be advertised in the London Gazette and in such local paper as the Official receiver sees fit.
For more information visit the Official receiver page.
Many people worry about going to court to file for bankruptcy. If you meet the grounds for bankruptcy and there is nothing out of the ordinary then you may not see the judge. It will usually turn out to be a simple paper stamping exercise.
Please treat bankruptcy with the seriousness it deserves though. It can have a long lasting impact on your life.