About Us: Free Bankruptcy Advice and Debt Solutions
Updated for 2026
Who We Are
How To Go Bankrupt is a free, independent resource for people in England and Wales who are struggling with debt. We do not sell financial products, charge fees, or push you towards any particular solution. Our only aim is to give you the facts so you can decide what is right for your situation.
If you are worried about money, you are not alone. Thousands of people across the UK face problem debt every year, and there are real, practical ways to deal with it. This site exists to help you understand those options clearly.
What You Will Find Here
We cover every major debt solution available in England and Wales, including:
- Bankruptcy: the application costs £680 and is made online through the GOV.UK adjudicator service. Once approved, most debts are written off after a 12-month discharge period
- Debt Relief Orders (DROs): designed for people who owe less than £50,000, have a surplus income under £75 per month, assets worth less than £2,000, and a vehicle valued at under £4,000
- Individual Voluntary Arrangements (IVAs): a legally binding deal with your creditors to repay an affordable portion of what you owe over a set period, usually five or six years
- Debt Management Plans (DMPs): an informal way to repay your debts at a monthly amount you can realistically afford
- County Court Administration Orders: a court-supervised repayment plan available when your total debts are under £5,000
None of these solutions is automatically better or worse than the others. The right choice depends entirely on your circumstances, and our bankruptcy guides are written to help you understand exactly what each option involves.
How Our Guides Work
We have put together detailed guides on every aspect of the bankruptcy process. Whether you want to know what happens to your home, how your car is treated, or what assets might be affected, we cover it in plain language with no legal jargon.
Our guides also explain:
- How the bankruptcy petition works
- What the Official Receiver does and how they manage your case
- Bankruptcy restriction orders and the activities they prevent
- Which debts survive bankruptcy, including student loans, court fines, and child maintenance
- How bankruptcy annulment works if your circumstances change
- How pensions are treated in bankruptcy
- Income payment agreements and what you might be asked to contribute
- The Individual Insolvency Register and how long your details remain on it
- Restrictions and considerations you should be aware of before applying
Where to Get Professional Advice
We provide information, not financial advice. If you need someone to talk through your options properly, these organisations offer free, regulated support:
- StepChange Debt Charity: free, confidential debt advice by phone or online
- Citizens Advice: independent guidance on debt, benefits, and money matters
- The Insolvency Service: the government body responsible for administering bankruptcy in England and Wales
- MoneyHelper: government-backed guidance on managing debt and money
Not Sure Where to Start?
If you are unsure whether bankruptcy is right for you, our alternatives to bankruptcy page compares your options side by side. You can also browse our free bankruptcy information section or request a free callback to speak with someone directly.
Financial Information Disclaimer
The content on this website is provided for general informational purposes only and does not constitute financial advice. Every person’s financial situation is different, and you should seek independent professional advice before making decisions about debt solutions. How To Go Bankrupt is not authorised or regulated by the Financial Conduct Authority (FCA). We do not provide debt advice, debt management services, or insolvency practitioner services. Links to third-party websites are provided for convenience only, and we accept no responsibility for external content or services.