No you don’t and it will cost you even more if you get an Insolvency Practitioner involved. There is plenty of help available in the form of forums, Citizens Advice and by calling the Insolvency Service Help Line, but where you really need to be careful is in the preparation of the income and expenditure.
If you are a good earner or you have a double income, a botched I and E could see you contributing towards an Income Payment Agreement for three years, something you could well do without. Knowledge of what and how much you can claim is seriously important, as the Insolvency Service will be itching to place you in an IPA, as this is how they recover costs. Call us if you have any doubt as we are dab hands at preparing these documents.
Bankruptcy UK offers a full bankruptcy administration service and will submit your bankruptcy application online. Court appearances are no longer required for bankruptcy. Call us for bankruptcy help on 01425 600129 or for an informal chat about your circumstances.