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Do Married Couples Pay One Bankruptcy Fee


No, they both have to pay the full amount which is currently £680 per person. The only exception to this is if the married couple also had a formal business partnership, in which case just one fee is paid.

It used to be the case that certain categories of people, notably pensioners, those on benefits or long term sick would be eligible for a rebate, but this was swept away in April 2016.

People attempting their own bankruptcies need to take care when completing the Income and Expenditure, as all manner of non-claimable items have been included. The reason for this is that it is very much in the Official Receiver’s best interests to place you in an Income Payments Agreement (IPA) for three years to offset costs. We know all of these non-claimable costs and the limits for others, so call us for help.

Will my credit rating ever recover from bankruptcy?

We’ve been asked many times if a person will ever recover their credit rating if they go bankrupt and the answer is ‘Yes’ and much faster than if you had opted for an IVA or Debt Management Plan, as these facilities drag on for years. Indeed, those persons who opt for IVAs ahead of bankruptcy are often kept on for a 6th year and even then the ‘footprint’ of the IVA is visible for several years after.

We have had reports of people we’ve assisted with bankruptcy buying furniture on Hire Purchase just 18 months after discharge, while others have managed to get mortgages just three years after bankruptcy. In fact, we interviewed a local mortgage broker recently who confirmed that banks now offer a range of these mortgages, though admittedly the interest rate and deposit required is higher.

‘Do married couples pay one bankruptcy fee’ is just one of hundreds of questions we’ve answered over the years, but feel free to call us on 01425 600129 if you have any more questions or need bankruptcy help. We are here to help.

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