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.
For more information on how our expert team of bankruptcy solicitors in Derby, Leicester and Nottingham can assist you, please email or call us on 0800 024 1976 for a guaranteed response.
"Active in both corporate and personal insolvency work, Nelsons Solicitors Limited has a strong profile in the East Midlands market, and fields insolvency and restructuring experts in each of its offices in Leicester, Nottingham and Derby. It also undertakes a significant amount of work for London-based clients."Legal 500
"The strength of the Nelsons team across the whole East Midlands places them as one of the top firms to work with."Client Feedback
"Nelsons Solicitors Limited's team possesses 'a wealth of knowledge' and impresses with 'speedy responses' and its ability to 'quickly grasp the crux of the matter'. Adept at both contentious and non-contentious work, the team handles the full range of insolvency-related mandates…"Legal 500