Bankruptcy in Coventry County Court
If you have a serious debt problem and you are considering bankruptcy, and are based in or around Coventry, then you need to read this piece. It will explain the process of going bankrupt in Coventry. It is based on the experiences of Steve Thatcher of Help With Debt who takes at least two people a week through the process, from filling in their forms to attending at court.
Bankruptcy is a great way to deal with a big debt problem, especially where you have little assets and disposable income.
The process in Coventry begins by completing the Petition. On this you must list all the names by which you have been known, as well as your current and any former addresses, where credit may have been incurred. If you have a business, or have run one in the last two years, you must name it as well.
You are required to state, if you have been bankrupt before (in the last 15 years), entered an IVA, (for which proof of termination of the IVA must be provided) or had an administration order over your affairs.
As well as the petition, you need to complete the Statement of Affairs, which is 35 pages long. Most people take advice on this document as it can be tricky to complete for the first time. It requires that you set out all your income and expenditure, your assets and liabilities.
The form is designed so the Official Receiver can see if you have any assets which he can take to pay to the creditors such as a house or a car, or excess and surplus income. If you take professional advice on filling in the form, the sums are assets that you have to hand over to the Official Receiver, can be cut down or eliminated.
Once completed the forms need filing, together with a fee of 510 (or 360 if fee exemptions apply). This is done in Coventry on any Monday to Friday between 10am and 3pm. However in Coventry you need to book in advance. This can sometimes be six weeks ahead. Once the paperwork is filed, there is a requirement to wait at court in order for the Order for bankruptcy to be made. It will be necessary to see the District Judge and so attendance is compulsory.
Once the order is made the papers are handed over to the Official Receiver.
If you need further help advice or assistance with a bankruptcy in Coventry, Steve will be more than happy to help.
Bankruptcy is a great way to deal with a big debt problem, especially where you have little assets and disposable income.
The process in Coventry begins by completing the Petition. On this you must list all the names by which you have been known, as well as your current and any former addresses, where credit may have been incurred. If you have a business, or have run one in the last two years, you must name it as well.
You are required to state, if you have been bankrupt before (in the last 15 years), entered an IVA, (for which proof of termination of the IVA must be provided) or had an administration order over your affairs.
As well as the petition, you need to complete the Statement of Affairs, which is 35 pages long. Most people take advice on this document as it can be tricky to complete for the first time. It requires that you set out all your income and expenditure, your assets and liabilities.
The form is designed so the Official Receiver can see if you have any assets which he can take to pay to the creditors such as a house or a car, or excess and surplus income. If you take professional advice on filling in the form, the sums are assets that you have to hand over to the Official Receiver, can be cut down or eliminated.
Once completed the forms need filing, together with a fee of 510 (or 360 if fee exemptions apply). This is done in Coventry on any Monday to Friday between 10am and 3pm. However in Coventry you need to book in advance. This can sometimes be six weeks ahead. Once the paperwork is filed, there is a requirement to wait at court in order for the Order for bankruptcy to be made. It will be necessary to see the District Judge and so attendance is compulsory.
Once the order is made the papers are handed over to the Official Receiver.
If you need further help advice or assistance with a bankruptcy in Coventry, Steve will be more than happy to help.
