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A guide to the bankruptcy, how it affects you, the restrictions you must agree to and how your assets are used to repay your debts
Only a court can declare you bankrupt. Find out how you or your creditors can apply to the court to make you bankrupt
Assets like your home, pension and bank accounts are affected by bankruptcy – find out how and who will take control of them
If you are made bankrupt, find out what restrictions apply to managing your finances, employment and business
Find out who sells your assets, what debts you are responsible for and when your spare income can be used to help pay your debts
Find out when your bankruptcy will end, what you need to do to update public records and when/if any assets will be returned to you
If you are made bankrupt, you might have to leave or sell your home to help pay your bankruptcy debts
If you are made bankrupt, your pension rights, benefits or payments might be claimed to help pay your bankruptcy debts
Bankruptcy and how it affects your bank or building society accounts and your credit rating
Find out more about the role of the court’s bankruptcy officer in investigating, managing and freeing you from your bankruptcy