Insolvency Options
Anyone applying for help with Bankruptcy / Debt Relief Order (DRO), Sequestration or Minimal Asset Process fees must submit a signed declaration from an appropriately trained Money / Debt Advice worker confirming that:
- The applicant is eligible for assistance from the Trust (see the Declaration Form)
- The client has received comprehensive advice on the implications of taking an Insolvency option
This is essential for the Trust to be confident that the applicant has been fully informed of the action they are taking and all possible consequences. The Declaration Form must be signed by the trained adviser who has given this advice – this may be different from the adviser who is supporting the applicant to apply to the Trust.
To speed up the application process it is recommended that the relevant Declaration Form is printed here and submitted with the application.
A full list of debts must also be included with applications seeking help with insolvency fees.
The Trusts cannot help with the Court Fees where the applicant is liable for these.