You will have to pay £525 towards the costs of administering your Bankruptcy, and the Court fee of £130 from April 2016. In Northern Ireland the court fee is £115.
Depending on your circumstances you may be able to apply for the Court fee to be reduced or cancelled. You can apply if you receive certain benefits or working tax credits, your income is below a certain level, or your surplus income is below a certain level. To apply you need to complete a separate form (EX160) and submit this to the Court with your Petition paperwork.
There is a fee of £12 (Northern Ireland £7) to swear the statement of affairs in the High Court or before a solicitor, however, in a County Court, there is no charge for this.
If you are a married couple and you are both petitioning for Bankruptcy, you will each have to pay separate fees.
If you were a business partnership, each partner will have to pay separate fees.
Please visit our important information page for an overview of all debt solution fees.