sparkydave16sparkydave16 Forumite
1 Post
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MoneySaving Newbie
Firstly, would you advise using an agent to handle a bankruptcy, or doing it yourself?


  • edited 23 June 2020 at 8:19PM
    philnicandevanphilnicandevan Forumite
    655 Posts
    Seventh Anniversary 500 Posts Name Dropper Photogenic
    edited 23 June 2020 at 8:19PM
    do it yourself its pretty straightforward and with help & support here anytime you need it, i'm always against using a "bankruptch specialist/agent" they can only do the same as you can yourself and cannot represent you in bankruptcy and from past experiance they usually cause more hassles than you know what with various probs they can cause....its a waste of money to use someone else instead....many here will agree..... although you'll need to speak to one of the debt charitys 1st though CAB stepchange etc etc they can discuss your situation and advise IF bankruptcy is a viable option to take to help your situation.

    Not quite a newbie as you think ;);) (the member formally known as philnicandamy!)

    FINALLY a qualified CAB debt caseworker 2015..:p
    BSC 58 :D
  • Minkym00Minkym00 Forumite
    647 Posts
    500 Posts Second Anniversary Name Dropper
    Are your financial affairs particularly complicated? There really is no need to use an Insolvency Practitioner for a personal bankruptcy. 
  • fatbellyfatbelly Forumite
    16.7K Posts
    Part of the Furniture 10,000 Posts Name Dropper Cashback Cashier
    In a sense it's 'too easy' to declare bankruptcy. Just fill in the online form, pay £680 by card and press submit.

    I'd actually like to see it changed so that there was a requirement (like IVAs and DROs) to take advice first.

    (I know the IVA advice doesn't work very well.)
  • mwarbymwarby Forumite
    2K Posts
    Part of the Furniture 1,000 Posts Name Dropper
    In Scotland I believe it’s already the case that you need to get advice before going bankrupt (unless it’s the creditors bankrupting you)
  • luvchocolateluvchocolate Forumite
    2.7K Posts
    Ninth Anniversary 1,000 Posts Name Dropper Home Insurance Hacker!
    It used to be here too 8 years ago when i went BR. 
    Never pay for advice we have amazing debt charities and this forum has brilliant advice 

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