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Our insolvency solicitors specialise in considering all of the options available to you depending on your financial situation. Should bankruptcy be your only option we have an expert team who will be able to guide you through the process. It is important you seek professional advice early to assess all of your options and eligibility, speak to our experts on 01616 966 229.
Bankruptcy involves realisation of your assets which could include your home, car, income, shares, rights of action and non-essential items to pay off your debts. Once a bankruptcy order has been made the official receiver/trustee will take control of your assets and deal with realisation with a view to making a distribution to creditors.
In addition to providing assistance to debtors our lawyers also recommend that any none bankrupt spouse takes legal advice as there are significant implications where assets are jointly owned. We can advise on how best to deal with such assets and minimise claims by a trustee where possible.
Bankruptcy has serious implications and should only be considered after seeking professional guidance, please contact us for help and advice on the alternatives which may be available to you and which could prevent bankruptcy on 01616 966 229 or complete our online enquiry form and a member of the team will contact you directly.
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