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.
Our insolvency lawyers 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 to 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.
Nelsons’ bankruptcy solicitors
Our lawyers 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 lawyers set the agenda for resolution, whichever side they’re on.
"The ‘excellent’ group at Nelsons Solicitors Limited ‘acts swiftly to get required solutions’, and is recommended for contentious matters, representing liquidators in claims against board members, sole traders and others."Legal 500