Answer: There are no guarantees a creditor will make you bankrupt.
This information may help:
If a creditor or someone makes you bankrupt, they pay the fees associated with the bankruptcy.
However, there are no guarantees they will make you bankrupt. If you have no assets or nothing for them to get, why would they do this.
In bankruptcy, all your creditors are treated equally, so if one creditor makes you bankrupt, they pay the fees, and are treated as all the other creditors, and if you have nothing, they get their share of nothing.
It is better for a creditor to try and collect what they can from you, or obtain a CCJ and send out bailiffs, etc, then to make you bankrupt.
So let’s not count on being made bankrupt by someone.
I hope this has answered your question.
For more information and assistance, please complete our eligibility form at our web site www.bankruptcy.org.uk or ring us at 0800 690 6855.
Regards,
Jon
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