You can apply to make yourself bankrupt if you can’t pay your debts.
Entering into bankruptcy is a big step to take. But sometimes, you might not make this decision yourself. That’s because other people can make you bankrupt.
There are three ways you can go bankrupt. They are:
1. A creditor putting in an application for your bankruptcy,
2. Applying for bankruptcy yourself
3. Your IVA Supervisor petitioning for your bankruptcy.
We can help you understand all the above.