Register of Insolvencies
The register of insolvencies is a statutory register about the insolvency of individuals and businesses in Scotland.
Frequently Asked Questions - Q2
Q2. What are the conditions for applying for my own bankruptcy?
If you have decided that you want to make yourself bankrupt you must meet all of the following conditions:
• you must owe a total debt of £1,500 or more
• you must be living in Scotland or have lived in Scotland sometime during the last year
• you must not have been made bankrupt in the last 5 years, and
• you must pay the application fee (currently £100).
You must also meet one of the following conditions:
• you must have proof that you are Apparently Insolvent or
• you must have proof that you have signed a trust deed which failed to become protected or
• you must have a Certificate for Sequestration which was signed and issued by an authorised person less than 30 days prior to submission of your application for bankruptcy or
• you must meet the conditions for the Low Income, Low
Assets (LILA) route.
