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Bankruptcy timescales - Peoples experiences

How long have people on here found they have had to wait to be declared bankrupt once they have submitted their application form?

Comments

  • sourcrates
    sourcrates Posts: 32,586 Ambassador
    Part of the Furniture 10,000 Posts I've been Money Tipped! Name Dropper
    As soon as you submit your application, it will be reviewed by an adjudicator, if the adjudicator makes you bankrupt, you then receive a copy of the bankruptcy order, and will have a telephone interview with the Official receiver.


    All depends how long the review takes, most are within a few days.
    I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter
  • National_Debtline
    National_Debtline Posts: 7,998 Organisation Representative
    Tenth Anniversary 1,000 Posts Combo Breaker
    Hi there


    Once you have submitted your bankruptcy application the adjudicator will decide whether to grant the bankruptcy within 28 days. In reality most people find they get a decision within a couple of days.


    Best wishes


    Susie
    @natdebtline
    We work as money advisers for National Debtline and have specific permission from MSE to post to try to help those in debt. Read more information on National Debtline in MSE's Debt Problems: What to do and where to get help guide. If you find you're struggling with debt and need further help try our online advice tool My Money Steps
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