{"id":21451,"date":"2022-06-02T17:49:07","date_gmt":"2022-06-02T16:49:07","guid":{"rendered":"https:\/\/helpandadvice.co.uk\/?p=21451"},"modified":"2023-08-27T18:29:24","modified_gmt":"2023-08-27T17:29:24","slug":"what-percentage-of-bankruptcies-are-denied","status":"publish","type":"post","link":"https:\/\/helpandadvice.co.uk\/what-percentage-of-bankruptcies-are-denied\/","title":{"rendered":"What Percentage Of Bankruptcies Are Denied"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"21451\" class=\"elementor elementor-21451\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7e65ee8f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7e65ee8f\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-22d3a027\" data-id=\"22d3a027\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1dee2c68 elementor-widget elementor-widget-image\" data-id=\"1dee2c68\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.21.0 - 24-04-2024 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".svg\"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}<\/style>\t\t\t\t\t\t\t\t\t\t<picture><source srcset=\"https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/06\/Untitled-design-25.webp 1200w,https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/06\/Untitled-design-25-300x113.webp 300w,https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/06\/Untitled-design-25-1024x384.webp 1024w,https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/06\/Untitled-design-25-768x288.webp 768w\"sizes=\"(max-width: 1200px) 100vw, 1200px\" type=\"image\/webp\"><img src=\"https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/06\/Untitled-design-25.png\" alt=\"What percentage of bankruptcies are denied\" height=\"450\" width=\"1200\" srcset=\"https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/06\/Untitled-design-25.png 1200w, https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/06\/Untitled-design-25-300x113.png 300w, https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/06\/Untitled-design-25-1024x384.png 1024w, https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/06\/Untitled-design-25-768x288.png 768w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" class=\"attachment-full size-full wp-image-21453 sp-no-webp\" fetchpriority=\"high\" decoding=\"async\"  > <\/picture>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-5fb85de4 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5fb85de4\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-421ca912\" data-id=\"421ca912\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7a3952a6 elementor-widget elementor-widget-text-editor\" data-id=\"7a3952a6\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.21.0 - 24-04-2024 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p style=\"text-align: left;\"><span style=\"color: #000000;\">May 2024<\/span><\/p>\n<h1 style=\"text-align: center;\">What Percentage Of Bankruptcies are Denied in 2024<\/h1>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-48188f32 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"48188f32\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-248e6ead\" data-id=\"248e6ead\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5c899cf7 elementor-widget elementor-widget-text-editor\" data-id=\"5c899cf7\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<h2><b>Explaining Bankruptcy<\/b><\/h2>\n<h3><b>What is bankruptcy?<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Bankruptcy is a legal procedure that must be authorized or denied by a court in the United Kingdom. Becoming bankrupt allows people or businesses to restructure or eliminate their debt. This includes debt that is due and owing, such as credit card debts, medical bills, personal loans, and business loans. It can also include secured debt, such as a mortgage or car loan.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">To file for bankruptcy, a general fee must be paid.\u00a0<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7ba6fe elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7ba6fe\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-41e1cbc0\" data-id=\"41e1cbc0\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-433a258 elementor-toc--minimized-on-tablet elementor-widget 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.elementor-toc__header-title{color:var(--header-color)}.elementor-widget-table-of-contents.elementor-toc--collapsed .elementor-toc__toggle-button--collapse,.elementor-widget-table-of-contents:not(.elementor-toc--collapsed) .elementor-toc__toggle-button--expand{display:none}.elementor-widget-table-of-contents .elementor-widget-container{min-height:var(--box-min-height);border:var(--box-border-width,1px) solid var(--box-border-color,#9da5ae);border-radius:var(--box-border-radius,3px);background-color:var(--box-background-color);transition:min-height .4s;overflow:hidden}.elementor-toc__header{display:flex;align-items:center;justify-content:space-between;padding:var(--box-padding,20px);background-color:var(--header-background-color);border-bottom:var(--separator-width,1px) solid var(--box-border-color,#9da5ae)}.elementor-toc__header-title{font-size:18px;margin:0;color:var(--header-color)}.elementor-toc__toggle-button{cursor:pointer;display:inline-flex}.elementor-toc__toggle-button 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.elementor-toc__list-item{counter-increment:item}ol.elementor-toc__list-wrapper .elementor-toc__list-item-text-wrapper:before{content:counters(item,\".\") \". \"}<\/style>\t\t<div class=\"elementor-toc__header\">\n\t\t\t<h4 class=\"elementor-toc__header-title\">\n\t\t\t\tTopics that you will find covered on this page\t\t\t<\/h4>\n\t\t\t\t\t\t\t<div class=\"elementor-toc__toggle-button elementor-toc__toggle-button--expand\"><svg class=\"e-font-icon-svg e-fas-chevron-down\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M207.029 381.476L12.686 187.132c-9.373-9.373-9.373-24.569 0-33.941l22.667-22.667c9.357-9.357 24.522-9.375 33.901-.04L224 284.505l154.745-154.021c9.379-9.335 24.544-9.317 33.901.04l22.667 22.667c9.373 9.373 9.373 24.569 0 33.941L240.971 381.476c-9.373 9.372-24.569 9.372-33.942 0z\"><\/path><\/svg><\/div>\n\t\t\t\t<div class=\"elementor-toc__toggle-button elementor-toc__toggle-button--collapse\"><svg class=\"e-font-icon-svg e-fas-chevron-up\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M240.971 130.524l194.343 194.343c9.373 9.373 9.373 24.569 0 33.941l-22.667 22.667c-9.357 9.357-24.522 9.375-33.901.04L224 227.495 69.255 381.516c-9.379 9.335-24.544 9.317-33.901-.04l-22.667-22.667c-9.373-9.373-9.373-24.569 0-33.941L207.03 130.525c9.372-9.373 24.568-9.373 33.941-.001z\"><\/path><\/svg><\/div>\n\t\t\t\t\t<\/div>\n\t\t<div class=\"elementor-toc__body\">\n\t\t\t<div class=\"elementor-toc__spinner-container\">\n\t\t\t\t<svg class=\"elementor-toc__spinner eicon-animation-spin e-font-icon-svg e-eicon-loading\" aria-hidden=\"true\" viewBox=\"0 0 1000 1000\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M500 975V858C696 858 858 696 858 500S696 142 500 142 142 304 142 500H25C25 237 238 25 500 25S975 237 975 500 763 975 500 975Z\"><\/path><\/svg>\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-7bdeaa88\" data-id=\"7bdeaa88\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4c6bd036 elementor-widget elementor-widget-text-editor\" data-id=\"4c6bd036\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<span style=\"color: #000000;\">You can listen to an audio recording of this page below.<\/span>\n<iframe src=\"https:\/\/play.ht\/embed\/?article_url=https:\/\/play.ht\/drafts\/A0rTnOsV6cNAh2LJIKzXvRMuwrr2\/juDhZgB6Q&#038;voice=en-GB-LibbyNeural\" scrolling=\"no\" height=\"90px\" width=\"100%\" frameborder=\"0\" allowfullscreen><\/iframe>\n<div class=\"content_hint\"><\/div>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-6aec9989 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"6aec9989\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-20239a13\" data-id=\"20239a13\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5da60728 elementor-widget elementor-widget-text-editor\" data-id=\"5da60728\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<h3><b>What happens if someone is made bankrupt?<\/b><\/h3><p><span style=\"font-weight: 400;\">If you go bankrupt, certain restrictions are placed on you and your property. These restrictions will be lifted after a set period of time, typically three years. During this time, you will not be able to obtain credit of more than \u00a3500 without disclosing your bankruptcy status. You will also be required to pay contributions from your income towards your debts. This may be served through an income payment order. To go bankrupt has a detrimental effect on your <a href=\"https:\/\/helpandadvice.co.uk\/thin-credit-files-in-the-uk\/\">credit file<\/a> and so it is often recommended to seek a better alternative and avoid bankruptcy.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">Bankruptcy affects self-employed people differently. The main difference is that a self-employed person&#8217;s business assets may also be seized.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">If your application is successful, you will be assigned a personal case officer from a registered charity that can help you.\u00a0<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-2d551dcb elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"2d551dcb\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-29cd3ac2\" data-id=\"29cd3ac2\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-7e7161e8\" data-id=\"7e7161e8\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-18a0378 elementor-widget elementor-widget-video\" data-id=\"18a0378\" data-element_type=\"widget\" data-settings=\"{&quot;youtube_url&quot;:&quot;https:\\\/\\\/www.youtube.com\\\/watch?v=m35nhYW-_Ss&quot;,&quot;video_type&quot;:&quot;youtube&quot;,&quot;controls&quot;:&quot;yes&quot;}\" data-widget_type=\"video.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.21.0 - 24-04-2024 *\/\n.elementor-widget-video .elementor-widget-container{overflow:hidden;transform:translateZ(0)}.elementor-widget-video .elementor-wrapper{aspect-ratio:var(--video-aspect-ratio)}.elementor-widget-video .elementor-wrapper iframe,.elementor-widget-video .elementor-wrapper video{height:100%;width:100%;display:flex;border:none;background-color:#000}@supports not (aspect-ratio:1\/1){.elementor-widget-video .elementor-wrapper{position:relative;overflow:hidden;height:0;padding-bottom:calc(100% \/ var(--video-aspect-ratio))}.elementor-widget-video .elementor-wrapper iframe,.elementor-widget-video .elementor-wrapper video{position:absolute;top:0;right:0;bottom:0;left:0}}.elementor-widget-video .elementor-open-inline .elementor-custom-embed-image-overlay{position:absolute;top:0;right:0;bottom:0;left:0;background-size:cover;background-position:50%}.elementor-widget-video .elementor-custom-embed-image-overlay{cursor:pointer;text-align:center}.elementor-widget-video .elementor-custom-embed-image-overlay:hover .elementor-custom-embed-play i{opacity:1}.elementor-widget-video .elementor-custom-embed-image-overlay img{display:block;width:100%;aspect-ratio:var(--video-aspect-ratio);-o-object-fit:cover;object-fit:cover;-o-object-position:center center;object-position:center center}@supports not (aspect-ratio:1\/1){.elementor-widget-video .elementor-custom-embed-image-overlay{position:relative;overflow:hidden;height:0;padding-bottom:calc(100% \/ var(--video-aspect-ratio))}.elementor-widget-video .elementor-custom-embed-image-overlay img{position:absolute;top:0;right:0;bottom:0;left:0}}.elementor-widget-video .e-hosted-video .elementor-video{-o-object-fit:cover;object-fit:cover}.e-con-inner>.elementor-widget-video,.e-con>.elementor-widget-video{width:var(--container-widget-width);--flex-grow:var(--container-widget-flex-grow)}<\/style>\t\t<div class=\"elementor-wrapper elementor-open-inline\">\n\t\t\t<div class=\"elementor-video\"><\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-4f88b9f\" data-id=\"4f88b9f\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-3542e7f0 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3542e7f0\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-5e529cbd\" data-id=\"5e529cbd\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-65bf6c93 elementor-widget elementor-widget-text-editor\" data-id=\"65bf6c93\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<h3><b>Does a bankruptcy affect your pension fund?<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">If you are declared bankrupt, your pension fund may be affected. The trustee in bankruptcy will usually take control of any private pensions that you have. This means that they can use the money in your pension to pay off your creditors. If you have a workplace pension, the rules are different. Your workplace pension cannot be used to repay your debts, but the trustee in bankruptcy may still take control of it. This could affect how much money you have to live on in retirement.\u00a0<\/span><\/p>\n<h3><b>Why would someone file for bankruptcy?<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">A person or company may file for bankruptcy because they do not have enough money to pay their debts. These debts may include credit card debts, rent arrears. This might be caused by a range of factors, such as job loss if circumstances change suddenly due to unexpected expenditures, and poor financial management where someone can barely afford living expenses.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If you are considering bankruptcy, it&#8217;s important to be aware of the data protection regulations that apply. These regulations protect your personal data from being used inappropriately. During a bankruptcy procedure, your personal data can only be used for the purpose of collecting the debt.\u00a0<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-66dd6f4 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"66dd6f4\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-6691124c\" data-id=\"6691124c\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-303e01de elementor-widget elementor-widget-text-editor\" data-id=\"303e01de\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"content_hint\"><\/div>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-fb8aea7\" data-id=\"fb8aea7\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2b30e72d elementor-widget elementor-widget-text-editor\" data-id=\"2b30e72d\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<h3><b>What are the requirements to apply for bankruptcy in the UK?<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">To go bankrupt in the UK, you must be insolvent, which means you can&#8217;t afford to pay debts. You must also have a minimum amount of \u00a35,000 in debt, although this limit may be higher if you own a home. You must also not have filed for bankruptcy within the last five years.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It is also possible to go bankrupt through a \u2018no-asset\u2019 procedure by filling an online form. This is for individuals going bankrupt with no assets.\u00a0<\/span><\/p>\n<h3><b>What is a bankruptcy petition?<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">This is a legal process that allows debtors to have their debt discharged. A debtor may file a petition if they are unable to pay their debt.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-3ac37909 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3ac37909\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-2b58587a\" data-id=\"2b58587a\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2736a443 elementor-widget elementor-widget-text-editor\" data-id=\"2736a443\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<h3><b>Can a bankruptcy petition be denied?<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">A petition may be denied for a number of reasons. If your bankruptcy petition is denied, you will still be liable for your debt and restrictions will continue to apply to you.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It&#8217;s critical to get expert assistance and debt advice before filing your own bankruptcy petition. It can also be useful to consult a debt counsellor.\u00a0<\/span><\/p>\n<h2><b>What happens once you file bankruptcy?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Filing bankruptcy triggers an automatic stay. This means that your creditors who you owe money to will be unable to contact you or take any legal action against you until the court rules on your request.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The first step in the bankruptcy process is to attend a bankruptcy hearing where an Official Receiver. The Official Receiver is someone who works on behalf of the Insolvency Service.\u00a0\u00a0<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-2f54789a elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"2f54789a\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-3fb3e64e\" data-id=\"3fb3e64e\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-e1291e7 elementor-widget elementor-widget-image\" data-id=\"e1291e7\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<picture><source srcset=\"https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/06\/Untitled-design-10.webp 1200w,https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/06\/Untitled-design-10-300x75.webp 300w,https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/06\/Untitled-design-10-1024x256.webp 1024w,https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/06\/Untitled-design-10-768x192.webp 768w\"sizes=\"(max-width: 1200px) 100vw, 1200px\" type=\"image\/webp\"><img src=\"https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/06\/Untitled-design-10.png\" alt=\"going bankrupt with no assets\" height=\"300\" width=\"1200\" srcset=\"https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/06\/Untitled-design-10.png 1200w, https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/06\/Untitled-design-10-300x75.png 300w, https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/06\/Untitled-design-10-1024x256.png 1024w, https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/06\/Untitled-design-10-768x192.png 768w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" class=\"attachment-full size-full wp-image-21459 sp-no-webp\" decoding=\"async\"  > <\/picture>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-2d9e21d6 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"2d9e21d6\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-4a874aef\" data-id=\"4a874aef\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-180dc709 elementor-widget elementor-widget-text-editor\" data-id=\"180dc709\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<h3><b>The Insolvency Service<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">The Insolvency Service is a government body that provides information and advice on insolvency, bankruptcy, and financial difficulties.\u00a0<\/span><\/p>\n<h3><b>What is an Insolvency Practitioner?<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">An insolvency practitioner, known as an Official Receiver is a professional who deals with bankruptcy and insolvency cases. The Official Receiver is usually appointed by a court to oversee the bankrupt&#8217;s estate and to ensure that creditors are paid until a person becomes bankrupt clear.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The role of an Official Receiver is to manage the bankruptcy estate of a person made bankrupt. An Official Receiver may also be involved in negotiating alternative repayment arrangements, such as <a href=\"https:\/\/helpandadvice.co.uk\/debt-management-plan\/\">debt management plans<\/a>.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-61c3bae7\" data-id=\"61c3bae7\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-bcd7786 elementor-widget elementor-widget-text-editor\" data-id=\"bcd7786\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"content_hint\"><\/div>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-1eaf9c8f elementor-section-content-middle elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"1eaf9c8f\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-11e9f566\" data-id=\"11e9f566\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-986a5da elementor-blockquote--skin-quotation elementor-blockquote--align-center elementor-blockquote--button-view-icon-text elementor-blockquote--button-skin-classic elementor-blockquote--button-color-official elementor-widget elementor-widget-blockquote\" data-id=\"986a5da\" data-element_type=\"widget\" data-widget_type=\"blockquote.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor-pro - v3.12.2 - 09-04-2023 *\/\n@charset \"UTF-8\";.entry-content blockquote.elementor-blockquote:not(.alignright):not(.alignleft),.entry-summary blockquote.elementor-blockquote{margin-right:0;margin-left:0}.elementor-widget-blockquote blockquote{margin:0;padding:0;outline:0;font-size:100%;vertical-align:baseline;background:transparent;quotes:none;border:0;font-style:normal;color:#3a3f45}.elementor-widget-blockquote blockquote .e-q-footer:after,.elementor-widget-blockquote blockquote .e-q-footer:before,.elementor-widget-blockquote blockquote:after,.elementor-widget-blockquote blockquote:before,.elementor-widget-blockquote blockquote cite:after,.elementor-widget-blockquote blockquote cite:before{content:none}.elementor-blockquote{transition:.3s}.elementor-blockquote__author,.elementor-blockquote__content{margin-bottom:0;font-style:normal}.elementor-blockquote__author{font-weight:700}.elementor-blockquote .e-q-footer{margin-top:12px;display:flex;justify-content:space-between}.elementor-blockquote__tweet-button{display:flex;transition:.3s;color:#1da1f2;align-self:flex-end;line-height:1;position:relative;width:-moz-max-content;width:max-content}.elementor-blockquote__tweet-button:hover{color:#0967a0}.elementor-blockquote__tweet-button span{font-weight:600}.elementor-blockquote__tweet-button i,.elementor-blockquote__tweet-button span{vertical-align:middle}.elementor-blockquote__tweet-button i+span,.elementor-blockquote__tweet-button svg+span{margin-left:.5em}.elementor-blockquote__tweet-button svg{fill:#1da1f2;height:1em;width:1em}.elementor-blockquote__tweet-label{white-space:pre-wrap}.elementor-blockquote--button-skin-bubble .elementor-blockquote__tweet-button,.elementor-blockquote--button-skin-classic .elementor-blockquote__tweet-button{padding:.7em 1.2em;border-radius:100em;background-color:#1da1f2;color:#fff;font-size:15px}.elementor-blockquote--button-skin-bubble .elementor-blockquote__tweet-button:hover,.elementor-blockquote--button-skin-classic .elementor-blockquote__tweet-button:hover{background-color:#0967a0;color:#fff}.elementor-blockquote--button-skin-bubble .elementor-blockquote__tweet-button:hover:before,.elementor-blockquote--button-skin-classic .elementor-blockquote__tweet-button:hover:before{border-right-color:#0967a0}.elementor-blockquote--button-skin-bubble .elementor-blockquote__tweet-button svg,.elementor-blockquote--button-skin-classic .elementor-blockquote__tweet-button svg{fill:#fff;height:1em;width:1em}.elementor-blockquote--button-skin-bubble.elementor-blockquote--button-view-icon .elementor-blockquote__tweet-button,.elementor-blockquote--button-skin-classic.elementor-blockquote--button-view-icon .elementor-blockquote__tweet-button{padding:0;width:2em;height:2em}.elementor-blockquote--button-skin-bubble.elementor-blockquote--button-view-icon .elementor-blockquote__tweet-button i,.elementor-blockquote--button-skin-classic.elementor-blockquote--button-view-icon .elementor-blockquote__tweet-button i{position:absolute;left:50%;top:50%;transform:translate(-50%,-50%)}.elementor-blockquote--button-skin-bubble .elementor-blockquote__tweet-button:before{content:\"\";border:.5em solid transparent;border-right-color:#1da1f2;position:absolute;left:-.8em;top:50%;transform:translateY(-50%) scaleY(.65);transition:.3s}.elementor-blockquote--button-skin-bubble.elementor-blockquote--align-left .elementor-blockquote__tweet-button:before{right:auto;left:-.8em;border-right-color:#1da1f2;border-left-color:transparent}.elementor-blockquote--button-skin-bubble.elementor-blockquote--align-left .elementor-blockquote__tweet-button:hover:before{border-right-color:#0967a0}.elementor-blockquote--button-skin-bubble.elementor-blockquote--align-right .elementor-blockquote__tweet-button:before{left:auto;right:-.8em;border-right-color:transparent;border-left-color:#1da1f2}.elementor-blockquote--button-skin-bubble.elementor-blockquote--align-right .elementor-blockquote__tweet-button:hover:before{border-left-color:#0967a0}.elementor-blockquote--skin-boxed .elementor-blockquote{background-color:#f9fafa;padding:30px}.elementor-blockquote--skin-border .elementor-blockquote{border-color:#f9fafa;border-left:7px #f9fafa;border-style:solid;padding-left:20px}.elementor-blockquote--skin-quotation .elementor-blockquote:before{content:\"\u201c\";font-size:100px;color:#f9fafa;font-family:Times New Roman,Times,serif;font-weight:900;line-height:1;display:block;height:.6em}.elementor-blockquote--skin-quotation .elementor-blockquote__content{margin-top:15px}.elementor-blockquote--align-left .elementor-blockquote__content{text-align:left}.elementor-blockquote--align-left .elementor-blockquote .e-q-footer{flex-direction:row}.elementor-blockquote--align-right .elementor-blockquote__content{text-align:right}.elementor-blockquote--align-right .elementor-blockquote .e-q-footer{flex-direction:row-reverse}.elementor-blockquote--align-center .elementor-blockquote{text-align:center}.elementor-blockquote--align-center .elementor-blockquote .e-q-footer,.elementor-blockquote--align-center .elementor-blockquote__author{display:block}.elementor-blockquote--align-center .elementor-blockquote__tweet-button{margin-right:auto;margin-left:auto}<\/style>\t\t<blockquote class=\"elementor-blockquote\">\n\t\t\t<p class=\"elementor-blockquote__content\">\n\t\t\t\t\"If you go bankrupt, certain restrictions are placed on you and your property. These restrictions will be lifted after a set period of time, typically three years. During this time, you will not be able to obtain credit of more than \u00a3500 without disclosing your bankruptcy status.\"\t\t\t<\/p>\n\t\t\t\t\t\t\t<div class=\"e-q-footer\">\n\t\t\t\t\t\t\t\t\t\t\t<cite class=\"elementor-blockquote__author\">Help & Advice<\/cite>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/twitter.com\/intent\/tweet?text=%22If+you+go+bankrupt%2C+certain+restrictions+are+placed+on+you+and+your+property.+These+restrictions+will+be+lifted+after+a+set+period+of+time%2C+typically+three+years.+During+this+time%2C+you+will+not+be+able+to+obtain+credit+of+more+than+%C2%A3500+without+disclosing+your+bankruptcy+status.%22+%E2%80%94+Help+&amp;Advice&amp;url=https%3A%2F%2Fhelpandadvice.co.uk%2Fwp-json%2Fwp%2Fv2%2Fposts%2F21451\" class=\"elementor-blockquote__tweet-button\" target=\"_blank\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fab-twitter\" viewBox=\"0 0 512 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M459.37 151.716c.325 4.548.325 9.097.325 13.645 0 138.72-105.583 298.558-298.558 298.558-59.452 0-114.68-17.219-161.137-47.106 8.447.974 16.568 1.299 25.34 1.299 49.055 0 94.213-16.568 130.274-44.832-46.132-.975-84.792-31.188-98.112-72.772 6.498.974 12.995 1.624 19.818 1.624 9.421 0 18.843-1.3 27.614-3.573-48.081-9.747-84.143-51.98-84.143-102.985v-1.299c13.969 7.797 30.214 12.67 47.431 13.319-28.264-18.843-46.781-51.005-46.781-87.391 0-19.492 5.197-37.36 14.294-52.954 51.655 63.675 129.3 105.258 216.365 109.807-1.624-7.797-2.599-15.918-2.599-24.04 0-57.828 46.782-104.934 104.934-104.934 30.213 0 57.502 12.67 76.67 33.137 23.715-4.548 46.456-13.32 66.599-25.34-7.798 24.366-24.366 44.833-46.132 57.827 21.117-2.273 41.584-8.122 60.426-16.243-14.292 20.791-32.161 39.308-52.628 54.253z\"><\/path><\/svg>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-blockquote__tweet-label\">Tweet<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/blockquote>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-3905795f\" data-id=\"3905795f\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-13cf6d4d elementor-widget elementor-widget-text-editor\" data-id=\"13cf6d4d\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<h2><b>Your responsibilities when a bankruptcy order is made<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">When you file a bankruptcy order, you are expected to adhere to a number of rules and regulations. These include attending mandatory counselling sessions, disclosing al relevant information and providing required documentation such as financial records.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The rules you are required to follow upon filing for bankruptcy are:<\/span><\/p>\n<ul>\n<li><span style=\"font-weight: 400;\"> You must attend two mandatory counselling sessions.<\/span><\/li>\n<li><span style=\"font-weight: 400;\"> You must provide your trustee with required documentation, including a list of your assets.<\/span><\/li>\n<li><span style=\"font-weight: 400;\"> You must make all required payments to your trustee.<\/span><\/li>\n<li><span style=\"font-weight: 400;\"> You must obey any court order.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">If you fail to follow these rules, your bankruptcy may be denied. In addition, you may be subject to criminal charges or court fines.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-50c8361 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"50c8361\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-724053bb\" data-id=\"724053bb\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-625ee9d4 elementor-widget elementor-widget-image\" data-id=\"625ee9d4\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<picture><source srcset=\"https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/06\/Untitled-design-11.webp 1200w,https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/06\/Untitled-design-11-300x75.webp 300w,https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/06\/Untitled-design-11-1024x256.webp 1024w,https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/06\/Untitled-design-11-768x192.webp 768w\"sizes=\"(max-width: 1200px) 100vw, 1200px\" type=\"image\/webp\"><img src=\"https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/06\/Untitled-design-11.png\" alt=\"becoming bankrupt\" height=\"300\" width=\"1200\" srcset=\"https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/06\/Untitled-design-11.png 1200w, https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/06\/Untitled-design-11-300x75.png 300w, https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/06\/Untitled-design-11-1024x256.png 1024w, https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/06\/Untitled-design-11-768x192.png 768w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" class=\"attachment-full size-full wp-image-21458 sp-no-webp\" decoding=\"async\"  > <\/picture>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-45afbf17 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"45afbf17\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-19624e7f\" data-id=\"19624e7f\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2f86d89e elementor-widget elementor-widget-text-editor\" data-id=\"2f86d89e\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<h2><b>Percentages of Bankruptcies Filed and Denied in the UK<\/b><\/h2>\n<h3><b>How many bankruptcies are filed each year in the UK?<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">There were 22,653 personal bankruptcies in England and Wales in 2018. This is down from 24,453 in 2017 and 30,822 in 2016.<\/span><\/p>\n<h3><b>How many bankruptcies are denied each year in the UK?<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Bankruptcy cases are typically rejected if the applicant does not meet the requirements, such as not being insolvent or not having enough debt. In 2018, 4,632 bankruptcies were rejected, which is down from 5,315 in 2017 and 6,067 in 2016.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-451f6bda\" data-id=\"451f6bda\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2d12be44 elementor-widget elementor-widget-text-editor\" data-id=\"2d12be44\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"content_hint\"><\/div>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-61acfb8b elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"61acfb8b\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-12908f37\" data-id=\"12908f37\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3bdb950b elementor-widget elementor-widget-text-editor\" data-id=\"3bdb950b\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<h3><b>What percentage of bankruptcies are denied in the UK?<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">In 2018, the insolvency office rejected 20.4% of <a href=\"https:\/\/helpandadvice.co.uk\/bankruptcy\/\">bankruptcy<\/a> applications. This is down from 21.7% in 2017 and 19.6% in 2016.<\/span><\/p>\n<h3><b>Why has the number of bankruptcies and bankruptcies denied decreased in recent years?<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">The decrease in bankruptcies and bankruptcies denied may be due to the introduction of cheaper alternative <a href=\"https:\/\/helpandadvice.co.uk\/what-is-a-debt-relief-order\/\">debt solutions, such as a debt relief order<\/a> (DROs) and individual voluntary arrangements (IVAs). These options may be less expensive and less damaging to one&#8217;s credit rating than to go bankrupt.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-2b676da3 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"2b676da3\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-79b5da97\" data-id=\"79b5da97\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-70e93c55 elementor-widget elementor-widget-image\" data-id=\"70e93c55\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<picture><source srcset=\"https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/06\/Untitled-design-12.webp 1200w,https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/06\/Untitled-design-12-300x75.webp 300w,https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/06\/Untitled-design-12-1024x256.webp 1024w,https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/06\/Untitled-design-12-768x192.webp 768w\"sizes=\"(max-width: 1200px) 100vw, 1200px\" type=\"image\/webp\"><img src=\"https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/06\/Untitled-design-12.png\" alt=\"denying bankruptcy\" height=\"300\" width=\"1200\" srcset=\"https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/06\/Untitled-design-12.png 1200w, https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/06\/Untitled-design-12-300x75.png 300w, https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/06\/Untitled-design-12-1024x256.png 1024w, https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/06\/Untitled-design-12-768x192.png 768w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" class=\"attachment-full size-full wp-image-21457 sp-no-webp\" loading=\"lazy\" decoding=\"async\"  > <\/picture>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-50d68baf elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"50d68baf\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-c1b4d81\" data-id=\"c1b4d81\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-47516167 elementor-widget elementor-widget-text-editor\" data-id=\"47516167\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"content_hint\"><\/div>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-6a8e3076\" data-id=\"6a8e3076\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2e4418c5 elementor-widget elementor-widget-text-editor\" data-id=\"2e4418c5\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<h3><b>What is the likelihood of having your bankruptcy application denied?<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">The UK&#8217;s Insolvency Service administers bankruptcy proceedings, and the fact is that only a small proportion of bankruptcy applications are rejected.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As little as one percent of applications for bankruptcy are rejected in the by the Insolvency Service each year, according to reports. This is because bankruptcy eligibility is considered to be quite permissive, and since it is only usually employed as a last financial option when individuals have exhausted all other options for avoiding insolvency.<\/span><\/p>\n<h2><b>Factors that can increase chances of bankruptcy denial<\/b><\/h2>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-32914d6 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"32914d6\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-73c183f9\" data-id=\"73c183f9\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-34687421 elementor-widget elementor-widget-text-editor\" data-id=\"34687421\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">There are a number of factors that can increase your chances of having your bankruptcy denied. These include:<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Fraud<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">If you are accused of committing fraud, such as hiding assets or lying on your bankruptcy form and application. You are required to disclose any <a href=\"https:\/\/helpandadvice.co.uk\/impact-of-a-joint-account-on-a-credit-rating-in-the-uk\/\">joint accounts<\/a> you have such as a joint bank account with a family member.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Failure to attend mandatory meetings: If you fail to attend required meetings, such as the meeting of creditors, or if you fail to comply with the requirements of your bankruptcy case.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Sufficient funds to pay debts<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">If the court decides the debtor has enough funds to pay their debt. In this scenario, the debtor may be forced to participate in a repayment program instead of having their obligations discontinued.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Sufficient assets to pay debts<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">\u00a0If the debtor has substantial assets which can be used to pay their debt. In this scenario, the debtor may not be able to keep their assets and could possibly have to sell them in order to pay creditors.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">No sincere effort made: If the court feels that the debtor has not made a sincere effort to repay their debt. This could be because they have hidden assets or income, or because they have been living extravagantly while claiming to be unable to repay certain debts.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-151eca1d elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"151eca1d\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-d62de4a\" data-id=\"d62de4a\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4f81036a elementor-widget elementor-widget-image\" data-id=\"4f81036a\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<picture><source srcset=\"https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/06\/Untitled-design-13.webp 1200w,https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/06\/Untitled-design-13-300x75.webp 300w,https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/06\/Untitled-design-13-1024x256.webp 1024w,https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/06\/Untitled-design-13-768x192.webp 768w\"sizes=\"(max-width: 1200px) 100vw, 1200px\" type=\"image\/webp\"><img src=\"https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/06\/Untitled-design-13.png\" alt=\"bankruptcy not given\" height=\"300\" width=\"1200\" srcset=\"https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/06\/Untitled-design-13.png 1200w, https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/06\/Untitled-design-13-300x75.png 300w, https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/06\/Untitled-design-13-1024x256.png 1024w, https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/06\/Untitled-design-13-768x192.png 768w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" class=\"attachment-full size-full wp-image-21456 sp-no-webp\" loading=\"lazy\" decoding=\"async\"  > <\/picture>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-34e077e3 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"34e077e3\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-46d293eb\" data-id=\"46d293eb\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7211a4fa elementor-widget elementor-widget-text-editor\" data-id=\"7211a4fa\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<h2><b>What are the most commons reasons for bankruptcy denials in the UK<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Insufficient evidence of financial hardship:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">To be eligible for bankruptcy in the UK, you must be able to demonstrate that you are unable to pay money owed. If you are unable to provide sufficient evidence of financial hardship, your bankruptcy application may be denied.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Improper use of bankruptcy:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Bankruptcy is intended for those who are unable to repay their debt and have no other means of doing so. If it is found that you have deliberately used bankruptcy to avoid repaying your debt, your application may be denied.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-6a6fbc96\" data-id=\"6a6fbc96\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-16dcb80f elementor-widget elementor-widget-text-editor\" data-id=\"16dcb80f\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"content_hint\"><\/div>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-16162de8 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"16162de8\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-350d4460\" data-id=\"350d4460\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-284bbe0d elementor-widget elementor-widget-text-editor\" data-id=\"284bbe0d\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Failure to complete mandatory counselling:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Before filing for bankruptcy in the UK, you must complete mandatory counselling with an authorised provider. This is to ensure that you have explored all other options and understand the implications of bankruptcy.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Assets above the exemption limit:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">When you file for bankruptcy in the UK, your assets will be frozen and used to repay your debt. However, there are certain exemptions that allow you to keep certain assets, such as your home or car. If your assets are valued at more than the exemption limit, your bankruptcy application may be denied.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Income above the threshold:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If your income is above a certain threshold, you may not be eligible for bankruptcy. This is because it is assumed that you have the means to repay your debts. If your income is above the threshold, your bankruptcy application may be denied.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4c7609f8 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4c7609f8\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-41514516\" data-id=\"41514516\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7c858c8b elementor-widget elementor-widget-image\" data-id=\"7c858c8b\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<picture><source srcset=\"https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/06\/Untitled-design-14.webp 1200w,https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/06\/Untitled-design-14-300x75.webp 300w,https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/06\/Untitled-design-14-1024x256.webp 1024w,https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/06\/Untitled-design-14-768x192.webp 768w\"sizes=\"(max-width: 1200px) 100vw, 1200px\" type=\"image\/webp\"><img src=\"https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/06\/Untitled-design-14.png\" alt=\"reasons not to get bankruptcy\" height=\"300\" width=\"1200\" srcset=\"https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/06\/Untitled-design-14.png 1200w, https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/06\/Untitled-design-14-300x75.png 300w, https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/06\/Untitled-design-14-1024x256.png 1024w, https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/06\/Untitled-design-14-768x192.png 768w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" class=\"attachment-full size-full wp-image-21455 sp-no-webp\" loading=\"lazy\" decoding=\"async\"  > <\/picture>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4026843a elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4026843a\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-3f0a41ba\" data-id=\"3f0a41ba\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-458569fc elementor-widget elementor-widget-text-editor\" data-id=\"458569fc\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"content_hint\"><\/div>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-77882012\" data-id=\"77882012\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6e7f1199 elementor-widget elementor-widget-text-editor\" data-id=\"6e7f1199\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">You have been bankrupt before:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If you have been declared bankrupt before, you may not be eligible for bankruptcy again. This is because it is assumed that you have already had the opportunity to repay your debts and have not been able to do so. If you have been bankrupt before, your bankruptcy application may be denied.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If you are considering filing for bankruptcy in the UK, it is important to seek professional advice from an experienced bankruptcy attorney who can assess your individual situation and advise you on the best course of action.<\/span><\/p>\n<h2><b>How Can I Avoid Having My Bankruptcy Denied?<\/b><\/h2>\n<ol>\n<li><span style=\"font-weight: 400;\">Make sure you disclose all of your assets, bank accounts, joint account, income &#8211; including surplus income.<\/span><span style=\"font-weight: 400;\"> If the court feels you are hiding something, they may deny your bankruptcy.<\/span><\/li>\n<li><span style=\"font-weight: 400;\">\u00a0<\/span><\/li>\n<\/ol>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-5287ac9 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5287ac9\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-1f5b2a0d\" data-id=\"1f5b2a0d\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4843fbc3 elementor-widget elementor-widget-text-editor\" data-id=\"4843fbc3\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ol start=\"2\">\n<li><span style=\"font-weight: 400;\"> Be upfront about your financial situation. If the court believes you are not being truthful, it might refuse your bankruptcy application.<\/span><\/li>\n<li><span style=\"font-weight: 400;\"> Follow the requirements of the bankruptcy process. This includes attending mandatory credit counselling sessions and providing required documentation.<\/span><\/li>\n<li><span style=\"font-weight: 400;\"> Seek professional advice. An experienced bankruptcy attorney will be able to assess your individual situation and advise you on the best course of action.<\/span><\/li>\n<\/ol>\n<h2><b>When a Bankruptcy is Denied<\/b><\/h2>\n<h3><b>What are the consequences of being denied bankruptcy?<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">If your bankruptcy is denied, you will still be liable for your debts.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The consequences of bankruptcy include the loss of your assets, and\u00a0 because the denial of your bankruptcy will appear on your credit report for up to years, it will make it difficult to obtain new lines of credit. However, you can still rebuild your credit by making on-time payments and maintaining a good credit history.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-572fbea1 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"572fbea1\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-50c8235\" data-id=\"50c8235\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4a1f7aaa elementor-widget elementor-widget-image\" data-id=\"4a1f7aaa\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<picture><source srcset=\"https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/06\/Untitled-design-15.webp 1200w,https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/06\/Untitled-design-15-300x75.webp 300w,https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/06\/Untitled-design-15-1024x256.webp 1024w,https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/06\/Untitled-design-15-768x192.webp 768w\"sizes=\"(max-width: 1200px) 100vw, 1200px\" type=\"image\/webp\"><img src=\"https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/06\/Untitled-design-15.png\" alt=\"Explaining Bankruptcy\" height=\"300\" width=\"1200\" srcset=\"https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/06\/Untitled-design-15.png 1200w, https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/06\/Untitled-design-15-300x75.png 300w, https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/06\/Untitled-design-15-1024x256.png 1024w, https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/06\/Untitled-design-15-768x192.png 768w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" class=\"attachment-full size-full wp-image-21454 sp-no-webp\" loading=\"lazy\" decoding=\"async\"  > <\/picture>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7dcbf18a elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7dcbf18a\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-19e21592\" data-id=\"19e21592\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7cd97f5d elementor-widget elementor-widget-text-editor\" data-id=\"7cd97f5d\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<h3><b>What can I do if my bankruptcy is denied?<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">If your bankruptcy is denied, you may be able to reach an alternative agreement with your creditors. You can work with a debt management company to help.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It&#8217;s critical to get expert assistance before taking any action in bankruptcy. An experienced bankruptcy attorney will be able to evaluate your unique circumstances and advise you on the best course of action.<\/span><\/p>\n<h3><b>Can I Appeal If My Bankruptcy Application Is Denied?<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">If your bankruptcy application is denied, you can appeal the decision within 21 days.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">You will then be given a hearing date, at which you can present your case to a judge.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If the judge decides in your favour, your bankruptcy application will be accepted. If the judge denies your appeal, you will still be liable for your debts and restrictions will continue to apply to you.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-567aac3f\" data-id=\"567aac3f\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-50e30843 elementor-widget elementor-widget-text-editor\" data-id=\"50e30843\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"content_hint\"><\/div>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7cc08c7f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7cc08c7f\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-78b1891f\" data-id=\"78b1891f\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4e0b5462 elementor-widget elementor-widget-text-editor\" data-id=\"4e0b5462\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<h2><b>What Are My Other Options if Bankruptcy is Denied?<\/b><\/h2>\n<h3><b>Debt consolidation<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">This involves taking out a new loan to repay your outstanding debts. This can be a good option if you have a good credit score and income level.<\/span><\/p>\n<h3><b>Debt settlement<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">This involves negotiating to agree on a reduced amount of debt that you will repay. This option can be difficult to achieve on your own and it is important to seek professional advice before proceeding.<\/span><\/p>\n<h3><b>Debt management<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">This involves working with a credit counselling agency or finance company to create a plan to make monthly payments to repay your debts.\u00a0<\/span><\/p>\n<h3><b>Personal loan<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">You may be able to take out a personal loan to repay your debts. This can be a good option if you have a good credit score and income level.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It&#8217;s important to seek professional advice if you are considering filing for bankruptcy. An experienced bankruptcy attorney will be able to assess your individual situation and advise you on the best course of action.<\/span><\/p>\n<h3><b>Reasons not to get bankruptcy<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Although bankruptcy can provide some relief from your debts, there are also a number of reasons why it may not be the best option for you.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Some of the reasons why bankruptcy may not be the best option for you include:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">&#8211; The impact on your credit rating: Bankruptcy will stay on your credit file for six years and will make it difficult to get credit in the future.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">&#8211; The cost: There is a fee for applying for bankruptcy, which must be paid upfront.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">&#8211; The effect on your assets: You may have to sell your home or other assets to pay off your debts.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">&#8211; The effect on your employment: You may be unable to work in certain professions if you are declared bankrupt.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">You should also be aware that certain debts cannot be included in a bankruptcy order. For example, student loans, child support payments and court fines cannot be included.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-3845b702 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3845b702\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-414a3f27\" data-id=\"414a3f27\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-57d07b2b elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"57d07b2b\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-671c5048\" data-id=\"671c5048\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7f3103bd elementor-widget elementor-widget-text-editor\" data-id=\"7f3103bd\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<h4>Article author<\/h4>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2208db18 elementor-widget elementor-widget-image\" data-id=\"2208db18\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<picture><source srcset=\"https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2020\/07\/image-2-1.webp 1024w,https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2020\/07\/image-2-1-300x300.webp 300w,https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2020\/07\/image-2-1-150x150.webp 150w,https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2020\/07\/image-2-1-768x768.webp 768w\"sizes=\"(max-width: 1024px) 100vw, 1024px\" type=\"image\/webp\"><img src=\"https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2020\/07\/image-2-1.jpg\" height=\"1024\" width=\"1024\" srcset=\"https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2020\/07\/image-2-1.jpg 1024w, https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2020\/07\/image-2-1-300x300.jpg 300w, https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2020\/07\/image-2-1-150x150.jpg 150w, https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2020\/07\/image-2-1-768x768.jpg 768w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" class=\"attachment-large size-large wp-image-12735 sp-no-webp\" loading=\"lazy\" decoding=\"async\"  > <\/picture>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-3e853898\" data-id=\"3e853898\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1cc25bf5 elementor-widget elementor-widget-text-editor\" data-id=\"1cc25bf5\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<h3>Katy Davies<\/h3><p>I am a keen reader and writer and have been helping to write and produce the legal content for the site since the launch.\u00a0 \u00a0I studied for a law degree at Manchester University and I use that theoretical experience, as well as my practical experience as a solicitor, to help produce legal content which I hope you find helpful.<\/p><p>Outside of work, I love the snow and am a keen snowboarder.\u00a0 Most winters you will see me trying to get away for long weekends to the slopes in Switzerland or France.<\/p><p><strong>Email<\/strong>\u00a0&#8211;\u00a0<a href=\"mailto:katy@helpandadvice.co.uk\">katy@helpandadvice.co.uk<\/a><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-5a5e02a1 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5a5e02a1\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-4718130f\" data-id=\"4718130f\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-1315e6c4\" data-id=\"1315e6c4\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-498dc728 elementor-widget elementor-widget-text-editor\" data-id=\"498dc728\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"content_hint\"><\/div>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-d8e11c1\" data-id=\"d8e11c1\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-47d60257 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"47d60257\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-40f1c43\" data-id=\"40f1c43\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-21c42f0e elementor-widget elementor-widget-text-editor\" data-id=\"21c42f0e\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<h3 style=\"text-align: center;\">Frequently Asked Questions<\/h3>\n<p><b>What is a bankruptcy petition?<\/b><\/p>\n<p><span style=\"font-weight: 400;\">This is a legal process that allows debtors to have their debt discharged. A debtor may file a petition if they are unable to pay their debt.<\/span><\/p>\n<p><b>The Insolvency Service<\/b><\/p>\n<p><span style=\"font-weight: 400;\">The Insolvency Service is a government body that provides information and advice on insolvency, bankruptcy, and financial difficulties.\u00a0<\/span><\/p>\n<p><b>How many bankruptcies are filed each year in the UK?<\/b><\/p>\n<p><span style=\"font-weight: 400;\">There were 22,653 personal bankruptcies in England and Wales in 2018. This is down from 24,453 in 2017 and 30,822 in 2016.<\/span><\/p>\n<p><b>What percentage of bankruptcies are denied in the UK?<\/b><\/p>\n<p><span style=\"font-weight: 400;\">In 2018, the insolvency office rejected 20.4% of bankruptcy applications. This is down from 21.7% in 2017 and 19.6% in 2016.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-7182ee54\" data-id=\"7182ee54\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-68065814 elementor-widget elementor-widget-text-editor\" data-id=\"68065814\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"content_hint\"><\/div>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-697405fd elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"697405fd\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-fda8a19\" data-id=\"fda8a19\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3304175a elementor-widget elementor-widget-elementor-faq-schema\" data-id=\"3304175a\" data-element_type=\"widget\" data-widget_type=\"elementor-faq-schema.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t                                    <script type=\"application\/ld+json\">\n                    {\n                        \"@context\": \"https:\/\/schema.org\",\n                        \"@type\": \"FAQPage\",\n                        \"mainEntity\": [\n                         {\n                            \"@type\": \"Question\",\n                            \"name\": \"- What is a bankruptcy petition?<br \/>\n\",\n                            \"acceptedAnswer\": {\n                                \"@type\": \"Answer\",\n                                \"text\": \"&lt;p&gt;This is a legal process that allows debtors to have their debt discharged. A debtor may file a petition if they are unable to pay their debt.&lt;\/p&gt;\n&lt;p&gt;&lt;a href=&quot;https:\/\/helpandadvice.co.uk\/what-percentage-of-bankruptcies-are-denied&quot;&gt;&lt;strong&gt;&gt; CLICK HERE FOR MORE INFORMATION &lt;&lt;\/strong&gt;&lt;\/a&gt;&lt;\/p&gt;\"\n                            }\n                                                    },\n                                             {\n                            \"@type\": \"Question\",\n                            \"name\": \"- The Insolvency Service\",\n                            \"acceptedAnswer\": {\n                                \"@type\": \"Answer\",\n                                \"text\": \"&lt;p&gt;The Insolvency Service is a government body that provides information and advice on insolvency, bankruptcy, and financial difficulties.\u00a0&lt;\/p&gt;\n&lt;p&gt;&lt;a href=&quot;https:\/\/helpandadvice.co.uk\/what-percentage-of-bankruptcies-are-denied&quot;&gt;&lt;strong&gt;&gt; CLICK HERE FOR MORE INFORMATION &lt;&lt;\/strong&gt;&lt;\/a&gt;&lt;\/p&gt;\"\n                            }\n                                                    },\n                                             {\n                            \"@type\": \"Question\",\n                            \"name\": \"- How many bankruptcies are filed each year in the UK?<br \/>\n<br \/>\n\",\n                            \"acceptedAnswer\": {\n                                \"@type\": \"Answer\",\n                                \"text\": \"&lt;p&gt;There were 22,653 personal bankruptcies in England and Wales in 2018. This is down from 24,453 in 2017 and 30,822 in 2016.&lt;\/p&gt;\n&lt;p&gt;&lt;a href=&quot;https:\/\/helpandadvice.co.uk\/what-percentage-of-bankruptcies-are-denied&quot;&gt;&lt;strong&gt;&gt; CLICK HERE FOR MORE INFORMATION &lt;&lt;\/strong&gt;&lt;\/a&gt;&lt;\/p&gt;\"\n                            }\n                                                    },\n                                             {\n                            \"@type\": \"Question\",\n                            \"name\": \"- What percentage of bankruptcies are denied in the UK?\",\n                            \"acceptedAnswer\": {\n                                \"@type\": \"Answer\",\n                                \"text\": \"&lt;p&gt;In 2018, the insolvency office rejected 20.4% of bankruptcy applications. This is down from 21.7% in 2017 and 19.6% in 2016.&lt;\/p&gt;\n&lt;p&gt;&lt;a href=&quot;https:\/\/helpandadvice.co.uk\/what-percentage-of-bankruptcies-are-denied&quot;&gt;&lt;strong&gt;&gt; CLICK HERE FOR MORE INFORMATION &lt;&lt;\/strong&gt;&lt;\/a&gt;&lt;\/p&gt;\"\n                            }\n                                                    }\n                    ]\n                    }\n                <\/script>\n                    \t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-21433b5f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"21433b5f\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-2a6f5020\" data-id=\"2a6f5020\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-5125053\" data-id=\"5125053\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-706f533a elementor-widget elementor-widget-text-editor\" data-id=\"706f533a\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"content_hint\"><\/div>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-5c16df84\" data-id=\"5c16df84\" 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class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<h4>Share this page<\/h4>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-354c9e3f elementor-share-buttons--view-icon elementor-share-buttons--shape-circle elementor-share-buttons--align-left elementor-share-buttons--color-custom elementor-share-buttons--skin-gradient elementor-grid-0 elementor-widget elementor-widget-share-buttons\" data-id=\"354c9e3f\" data-element_type=\"widget\" data-widget_type=\"share-buttons.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<link rel=\"stylesheet\" href=\"https:\/\/helpandadvice.co.uk\/wp-content\/plugins\/elementor-pro\/assets\/css\/widget-share-buttons.min.css\">\t\t<div class=\"elementor-grid\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-grid-item\">\n\t\t\t\t\t\t<div\n\t\t\t\t\t\t\tclass=\"elementor-share-btn elementor-share-btn_facebook\"\n\t\t\t\t\t\t\trole=\"button\"\n\t\t\t\t\t\t\ttabindex=\"0\"\n\t\t\t\t\t\t\taria-label=\"Share on facebook\"\n\t\t\t\t\t\t>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-share-btn__icon\">\n\t\t\t\t\t\t\t\t<svg class=\"e-font-icon-svg e-fab-facebook\" viewBox=\"0 0 512 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M504 256C504 119 393 8 256 8S8 119 8 256c0 123.78 90.69 226.38 209.25 245V327.69h-63V256h63v-54.64c0-62.15 37-96.48 93.67-96.48 27.14 0 55.52 4.84 55.52 4.84v61h-31.28c-30.8 0-40.41 19.12-40.41 38.73V256h68.78l-11 71.69h-57.78V501C413.31 482.38 504 379.78 504 256z\"><\/path><\/svg>\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-grid-item\">\n\t\t\t\t\t\t<div\n\t\t\t\t\t\t\tclass=\"elementor-share-btn elementor-share-btn_twitter\"\n\t\t\t\t\t\t\trole=\"button\"\n\t\t\t\t\t\t\ttabindex=\"0\"\n\t\t\t\t\t\t\taria-label=\"Share on twitter\"\n\t\t\t\t\t\t>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-share-btn__icon\">\n\t\t\t\t\t\t\t\t<svg class=\"e-font-icon-svg e-fab-twitter\" viewBox=\"0 0 512 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M459.37 151.716c.325 4.548.325 9.097.325 13.645 0 138.72-105.583 298.558-298.558 298.558-59.452 0-114.68-17.219-161.137-47.106 8.447.974 16.568 1.299 25.34 1.299 49.055 0 94.213-16.568 130.274-44.832-46.132-.975-84.792-31.188-98.112-72.772 6.498.974 12.995 1.624 19.818 1.624 9.421 0 18.843-1.3 27.614-3.573-48.081-9.747-84.143-51.98-84.143-102.985v-1.299c13.969 7.797 30.214 12.67 47.431 13.319-28.264-18.843-46.781-51.005-46.781-87.391 0-19.492 5.197-37.36 14.294-52.954 51.655 63.675 129.3 105.258 216.365 109.807-1.624-7.797-2.599-15.918-2.599-24.04 0-57.828 46.782-104.934 104.934-104.934 30.213 0 57.502 12.67 76.67 33.137 23.715-4.548 46.456-13.32 66.599-25.34-7.798 24.366-24.366 44.833-46.132 57.827 21.117-2.273 41.584-8.122 60.426-16.243-14.292 20.791-32.161 39.308-52.628 54.253z\"><\/path><\/svg>\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-grid-item\">\n\t\t\t\t\t\t<div\n\t\t\t\t\t\t\tclass=\"elementor-share-btn elementor-share-btn_email\"\n\t\t\t\t\t\t\trole=\"button\"\n\t\t\t\t\t\t\ttabindex=\"0\"\n\t\t\t\t\t\t\taria-label=\"Share on email\"\n\t\t\t\t\t\t>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-share-btn__icon\">\n\t\t\t\t\t\t\t\t<svg class=\"e-font-icon-svg e-fas-envelope\" viewBox=\"0 0 512 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M502.3 190.8c3.9-3.1 9.7-.2 9.7 4.7V400c0 26.5-21.5 48-48 48H48c-26.5 0-48-21.5-48-48V195.6c0-5 5.7-7.8 9.7-4.7 22.4 17.4 52.1 39.5 154.1 113.6 21.1 15.4 56.7 47.8 92.2 47.6 35.7.3 72-32.8 92.3-47.6 102-74.1 131.6-96.3 154-113.7zM256 320c23.2.4 56.6-29.2 73.4-41.4 132.7-96.3 142.8-104.7 173.4-128.7 5.8-4.5 9.2-11.5 9.2-18.9v-19c0-26.5-21.5-48-48-48H48C21.5 64 0 85.5 0 112v19c0 7.4 3.4 14.3 9.2 18.9 30.6 23.9 40.7 32.4 173.4 128.7 16.8 12.2 50.2 41.8 73.4 41.4z\"><\/path><\/svg>\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-grid-item\">\n\t\t\t\t\t\t<div\n\t\t\t\t\t\t\tclass=\"elementor-share-btn elementor-share-btn_linkedin\"\n\t\t\t\t\t\t\trole=\"button\"\n\t\t\t\t\t\t\ttabindex=\"0\"\n\t\t\t\t\t\t\taria-label=\"Share on linkedin\"\n\t\t\t\t\t\t>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-share-btn__icon\">\n\t\t\t\t\t\t\t\t<svg class=\"e-font-icon-svg e-fab-linkedin\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 32H31.9C14.3 32 0 46.5 0 64.3v383.4C0 465.5 14.3 480 31.9 480H416c17.6 0 32-14.5 32-32.3V64.3c0-17.8-14.4-32.3-32-32.3zM135.4 416H69V202.2h66.5V416zm-33.2-243c-21.3 0-38.5-17.3-38.5-38.5S80.9 96 102.2 96c21.2 0 38.5 17.3 38.5 38.5 0 21.3-17.2 38.5-38.5 38.5zm282.1 243h-66.4V312c0-24.8-.5-56.7-34.5-56.7-34.6 0-39.9 27-39.9 54.9V416h-66.4V202.2h63.7v29.2h.9c8.9-16.8 30.6-34.5 62.9-34.5 67.2 0 79.7 44.3 79.7 101.9V416z\"><\/path><\/svg>\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>What Percentage Of Bankruptcies are Denied in Explaining Bankruptcy What is bankruptcy? Bankruptcy is a legal procedure that must be authorized or denied by a court in the United Kingdom. Becoming bankrupt allows people or businesses to restructure or eliminate their debt. This includes debt that is due and owing, such as credit card debts, [&hellip;]<\/p>\n","protected":false},"author":93,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/helpandadvice.co.uk\/wp-json\/wp\/v2\/posts\/21451"}],"collection":[{"href":"https:\/\/helpandadvice.co.uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/helpandadvice.co.uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/helpandadvice.co.uk\/wp-json\/wp\/v2\/users\/93"}],"replies":[{"embeddable":true,"href":"https:\/\/helpandadvice.co.uk\/wp-json\/wp\/v2\/comments?post=21451"}],"version-history":[{"count":28,"href":"https:\/\/helpandadvice.co.uk\/wp-json\/wp\/v2\/posts\/21451\/revisions"}],"predecessor-version":[{"id":42235,"href":"https:\/\/helpandadvice.co.uk\/wp-json\/wp\/v2\/posts\/21451\/revisions\/42235"}],"wp:attachment":[{"href":"https:\/\/helpandadvice.co.uk\/wp-json\/wp\/v2\/media?parent=21451"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/helpandadvice.co.uk\/wp-json\/wp\/v2\/categories?post=21451"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/helpandadvice.co.uk\/wp-json\/wp\/v2\/tags?post=21451"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}