What is a Bankruptcy Petition
If an individual owes you more than £5,000 and they have failed to repay you, you may be able to make an application to declare that individual bankrupt.
A Bankruptcy Petition is an application for a Bankruptcy Order to be made against an individual which a creditor can present to the Court on the grounds that an individual is unable to pay their debts.
Whilst there are other ways to try and recover monies that are owed to you by an individual, it may be that you have been unable to recover the monies owed from the individual.
If a Bankruptcy Order is made following the presentation of a Bankruptcy Petition, the individual’s assets may be taken and sold to pay off the debt owed to you.
Contact expert bankruptcy petition solicitors now
Our expert team of bankruptcy petition solicitors at Francis Wilks & Jones are here to help you with your bankruptcy petition questions. Our knowledge of bankruptcy orders is second to none having dealt with thousands of them over the years. Our practical daily experience and legal expertise means that we can assist whatever the nature of your bankruptcy petition claim.
Contact one of our expert friendly bankruptcy petition lawyers now for your confidential consultation.