A comprehensive, supportive platform designed to help UK individuals manage debt, calculate surplus income, and navigate the bankruptcy process with ease and clarity. Feeling overwhelmed by debt? Debtrupt gives you a clear plan, the right tools, and the confidence to take back control — step by step.

UK debt & bankruptcy guidance

What is Income Payment Agreement (IPA)?

Bankruptcy Process

A formal agreement to pay part of your surplus income to the Official Receiver during bankruptcy — usually lasts up to three years.

Work out your surplus income Back to full glossary

Related Bankruptcy Process terms

Administration Order

A court order allowing you to pay missed debts through the court in one affordable monthly payment, usually used for CCJs under £5,000.

Asset

Anything you own that has monetary value — for example property, vehicles, savings or jewellery.

Bankruptcy

A legal process that writes off most of your unsecured debts if you cannot pay them, usually lasting one year from the date of the order.

Debt Management Plan (DMP)

An informal arrangement to repay your debts at an affordable monthly rate, usually set up free through a debt charity.

Debt Relief Order (DRO)

A formal debt solution for people with low debt (currently under £20,000), very little income and no assets. It freezes debts for 12 months then writes them off.