A bankruptcy petition is a document filed with the court by either the debtor or a creditor which requests that a bankruptcy order should be made. Creditor's petitions are often based on failure to comply with a statutory demand.
The Debt Counsellors knowledge base has been collectively put together based
upon our 10 years experience of providing debt solutions in the U.K to benefit
our readers in making the right informed choice. We offer free, confidential
advice on all types of personal debt and solutions which include debt management, debt consolidation, iva – individual voluntary arrangements and the equivalent
IVA in Scotland – Protected Trust Deeds.