Expert legal advice on bankruptcy
Any individual struggling to pay debts faces the prospect of bankruptcy and, for most, it’s a feared process with an unsatisfactory conclusion.
At Nelsons, our insolvency solicitors see bankruptcy as a last resort. Their job is to work with individuals to find a way around their financial problems by negotiating with creditors, re-structuring their debt, and advising on Individual Voluntary Arrangements (IVAs) and Debt Relief Orders.
When should I file for bankruptcy?
If there are no options left, then our team works proactively to help individuals make the best of the bankruptcy process and their broader circumstances. In some situations this will be help in filing debtors’ petitions. In others it will be applying to set aside the bankruptcy altogether.
How our bankruptcy solicitors can help
Our solicitors also work with creditors to help retrieve monies owed by issuing statutory demands, petitioning for bankruptcy and working with the Official Receiver and trustees in bankruptcy. Our team’s involvement with trustees in bankruptcy extends to advising them on identifying and realising assets and protecting those assets through Court action where appropriate.
The key to any actual or potential bankruptcy is early and decisive action. That’s where our team makes a difference. Experienced in all types of insolvency-related matters, and acting for a range of clients with differing perspectives, they help bring about results which make a positive difference to clients’ short and longer term circumstances.
With careful analysis of the situation and assessment of the relationships involved, our solicitors set the agenda for resolution, whichever side they’re on.
Our team is recommended by the independently-researched Legal 500 as being one of the top teams of experts in the country. The team were also shortlisted in two categories at the prestigious Turnaround, Restructuring and Insolvency (TRI) Awards 2019, which is the leading awards for the industry.