Bankruptcy proceedings begin with the submission of an application. The application must be made on the appropriate form. The situation of the person filing for bankruptcy changes when bankruptcy is announced. The court may declare bankruptcy after a hearing or in closed session. Currently, bankruptcies are dealt with mainly in closed sessions.

What needs to be done to declare personal bankruptcy?

1. record your debt,

2. prepare a bankruptcy application on the appropriate form,
3. file a petition in bankruptcy court.