Personal Insolvency

Bankruptcy, or the prospect of it, causes tremendous personal stress for those involved. We help debtors and the spouses of debtors to face the issues involved, explaining the options which might be available and providing the legal support to execute the preferred plan. We also act for creditors seeking to use bankruptcy as a fast and effective means of enforcing a debt. Our advice covers the following areas:

• Individual voluntary arrangements
• The service of statutory demands and applications to set aside
• Petitions for bankruptcy
• Annulment of bankruptcy orders

We also assist insolvency practitioners, debtors and the spouses of debtors on the full range of debt and asset recovery issues which can arise post-bankruptcy. Our focus is on providing clear advice as to the options available and in seeking to achieve a pragmatic and cost effective solution. We have advised in relation to the following actions by trustees in bankruptcy:

• Applications to set aside property disposals as transactions at an undervalue
• The repossession of matrimonial homes and the rights of spouses
• Applications for income payments orders and the recovery of assets
• The examination of bankrupts and other persons
• The forfeiture of pension benefits and the recovery of excessive pension contributions