Can I be made bankrupt by a court order?

A creditor can force you into bankruptcy by approaching the court for a bankruptcy order (or sequestration order) to be issued.  This type of bankruptcy is known as a Creditor’s Petition. The first step toward making you bankrupt is to issue you with a Bankruptcy Notice, which usually allows you 21 days to respond. If you do not respond satisfactorily … Continue reading Can I be made bankrupt by a court order?