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How To Get Help With Bankruptcy Fees

Update: a new version of this blog is now available by clicking here

I want to go bankrupt but I can’t afford the fees and so I’ll end up paying my debts for the rest of my life. How can I get help with bankruptcy fees?

Help with bankruptcy feesIt may seem a strange irony that going bankrupt costs money, and many people are put off considering bankruptcy as a debt solution because of this. However, there are companies and organisations that can help you with bankruptcy fees and who will consider a person’s application on its merits. Below are three possible avenues to consider when trying to get help with bankruptcy fees.

1. Contact utility company Trust Funds

Water, gas and electricity suppliers often run Trust Funds that are specifically set up to assist customers with their fuel costs, and some will accept applications for help with bankruptcy fees. You can obtain an application form by calling the customer services number on your bill. Once you’ve filled this in and sent it back, it’s up to the company concerned to decide if they can help. If they can, the money is offered as a gift and is not repayable by you. Here are some of the larger utility company Trust Fund websites:

The British Gas Energy Trust
The EDF Energy Trust
The Anglian Water Trust Fund
The EOS Foundation

If your utility company is not represented here, then simply ask a customer service representative from your supplier who will be able to advise you further.

2. Talk to your union’s Welfare Officer

If you are a member or former member of a union and feel you can talk to the Union’s Welfare Officer, you can ask if they are able to assist by giving help with bankruptcy fees. For union contact information in the UK, visit:

Trade Union Congress (TUC)
Worksmart (Run by TUC)

3. Speak to your local Citizens’ Advice Bureau (CAB)

It would also be worth contacting your local Citizens’ Advice Bureau. They may know if there are any local funds that you can apply to, to help with bankruptcy fees.

Free debt advice about bankruptcy

If you’re worried about your level of debt, then you can talk to a Payplan debt adviser who can discuss all your options and recommend the best free debt solution. Call free on 0800 280 2816 or submit a quick debt enquiry online

Update: a new version of this blog is now available by clicking here

Written by on July 14th, 2008


Filed Under  Budgeting, Debt News   |  Trackback  |   12 Comments


12 Responses to “How To Get Help With Bankruptcy Fees”

I think bankruptcy is the way to go but can't afford to do it - The Consumer Forums says

[...]think bankruptcy is the way to go but can’t afford to do it. I’m not a big fan of PayPlan, but there is some useful info in this link: How To Get Help With Bankruptcy Fees. You must take some professional advice[...]

Jeff Emery says

I have the papers from the county court and have been given a price of £495.00 in total, can you give me some advice or an organisation that can help me with these costs please.
This is very urgent.
Thanks
Jeff

Paul says

Hi Jeff

Further advice about help with Bankruptcy fees can be found on the National Debtline’s website here:

http://www.nationaldebtline.co.uk/england_wales/factsheet.php?page=01_bankruptcy#ccf

They will also give you some idea about any reduction to the court fee that you’re entitled to, depending on your circumstances.

If you feel you need further advice, then call the National Debtline on 0808 808 4000 or try your local CAB, or, if you are unsure whether bankruptcy is the best option for you, then chat through your situation with a debt adviser at Payplan on 0800 917 7823.

All the best

Paul

samantha says

me and my partner are going bankrupt if we can find the fees which because there are two of us then the fee is £990 and surely there must be some help out there. and surely if we had that money we wouldnt have got into debt in the first place.

Paul says

Hi Samantha

Yes, as the article points out, it is a strange irony that bankruptcy carries a fee – however, the purpose of the fee is to cover the cost that the court incurs for processing a bankruptcy application – including the work that the Official Receiver undertakes to ensure that the process is carried out in the correct manner, and any investigations into an individual’s finances before granting the application.

As mentioned above, if you feel bankruptcy is the best way forward for your particular circumstances, then try contacting some of the energy trusts, the CAB or the National Debtline. Also, if you receive benefits, then you may be entitled to a reduction in the fee required.

If you want a second opinion about whether bankruptcy is suitable for you, then give Payplan a call – they can look at any alternatives for you, and if bankruptcy is still the best option, then they will recommend it anyway.

Hope this is helpful

Paul

Lindsay says

I live with my parents and am in debt and want to go bankrupt, I have just lost my job and am making a claim for job seekers allowance but this will be contribution based jsa, I need to get the funds together for the bankruptcy costs, can I go anywhere for help, I dont have any household bills in my name as I live with my parents.
Please help

Paul says

Hi Lindsay

If you’re receiving benefits, then you should get some reduction in the court fees – ask your local county court for further details – they should be willing to help you here.

Alternatively, I’d most definitely speak to your local CAB to see if there’s a local organisation or trust who could help you further.

Or – you could try Turn2Us who signpost people in financial need to charities and trusts who may be able to help them.

Hope this helps

Paul

Pauline says

In Scotland it costs (@ 2010) £100 to file for bankruptcy. The form is quite easy to complete, and depending on how much you owe, incomings, outgoings, etc, will vary in the length of time it takes to complete. However, if you feel you need help with the form, then CAB or any other local government run debt advice centre will assist you in completing the form.

megan says

hi i am a single mother, renting in a house with 2 kids after been evicted from my own home last year cus my ex husband never paid for the bills, im on my own now on benifits such as jsa, housing ben, i been advised by cab to go thru bankruptcy and need to find £525 for the fees? please help??

helen says

hi me and my husband have seen the cab about are debts and she as srongly recommened that we go bankrupted but are findin it to hard to find the money to do it we are already finding it hard to cope is there any charitys out there that can help us thanks helen

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