TagHow to go bankrupt

Can you voluntarily go bankrupt? Entering into voluntary bankruptcy is known as a ‘debtor’s petition’. This means applying to make yourself bankrupt, as opposed to being made bankrupt by someone else. If you decide to go bankrupt, assets you own such as your car or house will usually be sold to pay off your debts. … Does going bankrupt clear all debts? Going bankrupt will mean that you won’t...