To Cancel A Bankruptcy Order
Can I Cancel A Bankruptcy Order?
In order to cancel a Bankruptcy order, the following should be considered, and advise should be obtained.
Once the Court has ordered a Bankruptcy order against you. The Official Receiver will be notified of the details immediately.
The Receiver may send you with a questionnaire, asking for full details of your financial situation. You will be given an appointment for an interview to take place over the telephone or to attend their office. This is to discuss your financial situation. The Official Receiver will take control of your property and financial affairs.
The purpose is to establish whether you are in a position to contribute towards the Bankruptcy costs, and the debts via your assets and income.
We can apply to the Court on your behalf to cancel your bankruptcy:
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- Where the Bankruptcy Order should have not have been made in the first place.
- All your debts and expenses of the Bankruptcy have either been paid, or secured to the satisfaction of the Court.
- You have made an individual voluntary arrangement with your creditors, to pay your debts which has been approved.
We can assist you in preparing an application to annul a Bankruptcy Order based on the above grounds. Thereafter making representation at the hearing.
If you are considering Bankruptcy, or have questions about the process and how this could affect your job. Or pension, home etc please do download our Frequently asked Questions relating to Bankruptcy.
For a free enquiry, call us today on 01908 414990 or complete our Free Enquiry Form to request a confidential and no obligation discussion. Let one of our expert team discuss your situation and the options available to you.