If you don’t have any assets or a job that is easily affected then the chances are bankruptcy is an option for you. Many people choose to avoid bankruptcy as they have a home or other assets to protect, they have a job that would be at risk or they would prefer to pay as much back towards their debts as possible. However some avoid it as they feel they cannot afford the fees.

In June this year the fee for bankruptcy rose to £700.00 consisting of £525.00 for the cost of petitioning for bankruptcy and a further £175.00 for the court fee. Due to these high costs it is no surprise that many are avoiding a suitable route because it is too expensive.

For those who are avoiding bankruptcy as they cannot afford the £700.00 fee, there is help available from a number of different sources.

Citizens Advice Bureau – visit your local office http://www.citizensadvice.org.uk/index/getadvice.htm
Unions – such as TUC or Unison http://www.tuc.org.uk/the_tuc/about_contact.cfm, http://www.unison.org.uk/file/B3892.doc
Utility Trust Fund, British Gas http://www.britishgasenergytrust.org.uk/grants_to_individuals/index.html
EDF http://www.edfenergytrust.org.uk/index.php?page=grantsind
EON http://www.eonenergy.com/At-Home/Going-Green/Energy-Saving-Advice/Guidance-And-Caring-Energy
Scottish Electric http://www.energypeopletrust.com/content/
Royal British Legion http://www.britishlegion.org.uk/can-we-help/financial-advice-and-assistance
Licensed Trade Charity http://www.licensedtradecharity.org.uk/what_we_do
Civil Service Benevolent Fund http://www.csbf.org.uk/help_and_advice/apply_for_help
MS Society http://www.mssociety.org.uk/support_and_services/grants/index.html
Matthew Trust http://www.matthewtrust.org/master.htm

Written by Gemma on September 20th, 2011

Filed Under Debt News | Trackback | 4 Comments

4 Responses to “I can’t afford bankruptcy.”

david frail says

hi my wife works 22hrs aweek & i have been on long term sick since sept 2009 in march 10 we last our house & had a shortfall of £47000 with our other debt of £13000 we are finding it hard ,we have two children one at uni & the other signed on with connexations,
it is going to take us for ever to find £1400 for bankruptcy , we are registered with cab

January 4, 2012 at 8:50 pm

Gemma says

Hi David, I am so sorry to hear of your troubles. Try using some of our links and approach them to see if they can help with the Bankrutpcy fees. Alternatively, have you tried calling us? We are on hand to give you expert debt advice. Please let me know how you get on.

January 5, 2012 at 9:05 am

Joanna Gooding says

If you’ve worked in a professional role or trade in the past, it’s likely there may be a charitable trust for that profession that can help you e.g. Nurse Aid if you have worked as a nurse. Try a google search and a grant search on the Turn to Us website http://www.turn2us.org.uk/grants_search/advanced.aspx

January 23, 2012 at 3:23 pm

Gemma says

Thank you for sharing Joanna, this will be very useful to many people.

January 23, 2012 at 3:25 pm

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