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Can people on benefits go bankrupt - Bankruptcy UK

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Can people on benefits go bankrupt

Yes, there are no restrictions re your work status and, in fact, it can be a good time to proceed as a) there is no threat of an Income Payments Agreement (IPA) and b) you would probably be exempt from having to pay the £180 court fee. People with good incomes face the prospect of a 3 year IPA if it is found there is surplus income after all expenses and it is important that advice be taken to avoid this from happening.

 

Bankruptcy UK

Bankruptcy UK