Many people face money problems that feel too big to handle. Bills pile up, debts grow, and it can be hard to see a way out. When this happens, people often ask, “how do I declare bankruptcy?” 

Bankruptcy is a legal process that helps people who cannot pay their debts. In the UK, you can apply online through the government’s Insolvency Service. It costs a fee, and you must give information about your money, debts, and what you own. 

Although it sounds scary, bankruptcy can help you get a fresh start. When bankruptcy is approved, most of your debts are wiped out. People or companies you owe money to must stop contacting you. You might have to give up some things you own, like savings or valuable items, but you will no longer owe the debts. 

Before you declare bankruptcy, it is important to get advice. Services like Fair Legal can help you understand the process and make sure you do everything correctly. They guide you step by step and explain what will happen. 

Remember, asking “how do I declare bankruptcy?” is not a sign of failure. It is a smart way to take control of your money problems and find a fresh start. With the right help, you can rebuild your life and move forward without debt holding you back.