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.
"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