I went with a friend to hers about two years ago, assume the process hasn't changed since!
I remember waiting for a clerk to check through all the paper work and sign off on it, think she may have had to sign as well.
Then she had to wait to see a judge but was only with him for a few minutes. Think he just asked her if she was sure she knew what she was doing etc. and that was pretty much it!
Very scary beforehand but a huge relief when it was over and she's now discharged and back on track.
Hop this is of some help, please try not to worry too much.
yes u will ahve to close bank accounts (afaik). but u can open a basic cash card account with soem banks afterwards. one u can still get a chq book, have direct debts s/os etc. but no debit/switch card. try Nationwide.
My friend went bankrupt recently. The Court process is fairly quick as other poster said, then you will be contacted by the Official Receiver / Insolvency Service. They will send you a questionaire and will probably do a telephone interview.
Your bank account may be frozen, but you can open a new one if the bank agrees - best to go and talk to your bank manager, although the Official Rcevier will need to write and confirm OK.
Should all be faairly straightforward and in a year or less will all be over ...
Did you own your own house? Just wondered if it had been repossessed as I believe you can't get a mortgage for up to 6yrs after being declared bankrupt. Glad it went well for you (as well as can be expected under the circumstances). Were you advised by CAB to take this course of action?
No house is housing association.
CAB worked out i could of paid my depts at £1 a month to each company i owed money too! That would of taken far longer than going bankrupt and she felt it would be less stressful to go for bankruptcy.
I had the deposit paid for by the British gas energy trust otherwise i doubt i would of been able to go ahead with it.
CWM - I haven't read all the thread but bankruptcy concerns me ... did the CAB advisor take you through all the pro's and con's of bankruptcy. There seems to be a universal belief that once you've been discharged, its all over. Whilst this can be true for many people, for some it can come back to haunt others years in the future. Is it too late to look at the possibilty of an administration order (although this depends on how much you owe overall).