Bankruptcy in Northern Ireland

FXM

Hello all

I am going to have to declare personal bankruptcy. I'm in Northern Ireland and have a couple of queries about procedure if anyone can help?

Do the forms have to be witnessed by a solicitor? Can I contact any firm and how much is it likely to cost?

Once I submit the forms to the court what are the time frames? I contacted the courts who said it would be listed for assessment within about a week and a decision made then it would be handed over to the official receiver. How long would it take to see the OR? At what point do they actually take your assets (house etc)?

I have a holiday booked (paid for by family), will that be a problem?

Sorry for long post. I'm just trying to figure things out.

Cheers

JCS1

There is a bit more information here, including a section on travel restrictions which may impact your holiday:

https://www.economy-ni.gov.uk/articles/bankruptcy

https://www.economy-ni.gov.uk/articles/bankruptcy-and-travelling-abroad

sourcrates

Is bankruptcy a wise option if you have assets ?

Perhaps if you can elaborate on your situation a bit more ?

Its an online process nowadays, no solicitor needed, you self declare.

flipflopflo

@sourcrates I thought NI still did it the old fashioned way with forms and court etc. 

JCS1

flipflopflo said:

@sourcrates I thought NI still did it the old fashioned way with forms and court etc. 

They do, the links I provided confirm this.

sourcrates

JCS1 said:

flipflopflo said:

@sourcrates I thought NI still did it the old fashioned way with forms and court etc. 

They do, the links I provided confirm this.

Yea I notice only your statement of affairs can be processed online, the rest is good old fashioned form filling, and I assume a court appearance.