Insolvency for Individuals

If you are unable to pay your debts as they fall due and are facing increasing pressure from creditors for payment, then we recommend you take early, pragmatic advice to understand your options. The most well-known step to take is to make an application for your own bankruptcy. Alternatively, you can wait until a creditor makes an application for your bankruptcy. Bankruptcy means that a trustee takes control of all of your property, and this will have implications for the property you live in. Bankruptcy should usually be considered a last resort as its consequences are severe and a bankruptcy order can have a long-lasting effect on your credit rating, ability to be appointed as a director and future finances. 

How can we help you?

Acting for individual debtors

• Advising you on your options prior to bankruptcy
• Advising you on the implications of bankruptcy
• Assisting and advising on the Debt Respite Scheme (Breathing Space)
• Setting aside statutory demands
• Defend bankruptcy proceedings
• Assist you with an application for your own bankruptcy
• Defending the family home
• Advising on claims relating to preferential payments or payments at an undervalue

Acting for debtors

• Demanding payment via letter before claim or statutory demand
• Issuing a bankruptcy petition and representing you at the hearing
• Dealing with the trustee in bankruptcy and filing your proof of debt claim
• Looking at other methods of debt recovery prior to a bankruptcy petition