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Statutory instruments enabling a new, online route for applications by individuals seeking to declare themselves bankrupt were laid in Parliament today.
From 6 April 2016, debtor bankruptcy petitions will no longer be made to the courts; instead, applications will be submitted online via the central UK Government website, GOV.UK, to an adjudicator within the Insolvency Service. Liz Thomas, a deputy director at the Insolvency Service, has been appointed as the Adjudicator.
The fee to submit an online application for bankruptcy will be £130 (the current fee is £180). Applicants, or someone on their behalf, will be able to pay online or in cash and will also be able to pay in instalments (online only), something which is not currently possible. With the required deposit remaining at £525, this will mean the total amount required to apply for bankruptcy will fall to £655 (previously £705).
Online applications will not affect the current bankruptcy process subsequent to the granting of an order, which will remain unchanged.
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