Preparing a personal insolvency application

Start by bringing income, expenses, assets and liabilities into one record. For each debt, note the creditor, the balance on the latest statement and its date. Mark any amount you dispute and keep the correspondence that explains why.

A loan on a bank statement and an enforcement notice may refer to the same obligation. Keep both records and match the references before adding the amounts together. Before filing, consult the official service to check which procedure applies to the total debt and which documents your circumstances require.