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. In such circumstances, it is advisable to seek advice from an experienced team of bankruptcy solicitors.
How our bankruptcy solicitors can help
At Nelsons, our insolvency solicitors in Derby, Leicester and Nottingham 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.
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 help in filing debtors’ petitions. In others, it will be applying to set aside the bankruptcy altogether.
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 long-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 publication, The Legal 500, as being one of the top teams of experts in the country.