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Council tax – bankruptcy

We can apply to the High Court to petition for you to be made bankrupt if your debt exceeds £5,000.

Bankruptcy is a serious matter. If you become bankrupt:

  • you will have to give up any possessions of value and interest in your home
  • your credit rating will be affected
  • you will find it hard to get a loan or credit cards
  • any business that you run will almost certainly be closed, and your employees will be dismissed
  • certain restrictions will be imposed on you.