There are two ways for you to become bankrupt. The more common way is for you to make an assignment into bankruptcy (i.e. voluntarily go into bankruptcy by approaching a Trustee to have the necessary papers prepared and signed). The other rarely used way is for creditors to ask the Court to make an Order that you are bankrupt. In both of these situations, a Trustee in Bankruptcy is required to administer the bankruptcy.
Contact Us to arrange for a free, confidential, evaluation of your financial options. We can help you assess whether declaring bankruptcy is the right option for you.« View all FAQs