Act Quickly As Bankruptcy Fees Are Set To Rise Next Month
Time is fast running out for those of you seeking to go bankrupt before the Official Receivers' deposit raises from £360 to £450 on 6th April 2010. The fee rises are part of the governments plan to make the Insolvency Service self funding.
It cannot come at a worse time however for those seeking relief from their debts. It is hard enough now for a potential bankrupt to find enough to cover the petition costs and deposit without a 20% rise in these costs.
It actually may also not be possible to get into court and have your petition heard before the 6th April even if you could get your paperwork completed. Each county court up and down the land have different rules as to how they wish you to present your petition for bankruptcy to them.
Operating across the midlands we have come across the following procedures:-
Leicester:- You can attend at court on any day Monday to Thursday between 11 and 3 to present your petition and then you come back the next day to collect the order. It is rare that you need to see the District Judge.
Coventry:- You need to book an appointment. These can be as much as three weeks ahead now. You attend at the set time and the paperwork is checked. Their system is designed for the petitions to be heard at 2pm, but experience shows that they will try to get you before a District Judge within about 20 minutes, other appointments permitting. You will see a Judge but you will be dealt with in one day.
Stoke on Trent: Very similar to Coventry, except that they only need one set of papers, not three like every other court.
Birmingham: Again similar to Stoke and Coventry except there is a bit of running around to have papers checked at one counter, pay a fee at another and see a Judge on another floor, then back up again to collect the order.
Nottingham: Similar to Coventry, but appointments begin very early and they try to get you seen as quickly as possible.
Northampton:- You can turn up here any day at 10 am. They will check the paperwork, and then you leave. The District Judge considers the papers within 24 hours and the order is sent to you by post within about five days. Very quick and very simple procedure.
If you need help and advice on bankruptcy please call me
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