Personal Insolvency

Bankruptcy is a formal legal process that may be used when an individual is unable to repay their debts. It can have significant consequences for your finances, assets and future financial position, making it important to understand the implications before proceeding.

We provide clear advice on bankruptcy and the alternatives that may be available to you. Our team can explain your rights and responsibilities, help you understand the likely consequences and guide you through the process where bankruptcy becomes necessary.

Partnership insolvency can arise when a partnership is unable to meet its financial obligations as they fall due. The position can be particularly complex because the financial responsibilities of the partnership and individual partners may be closely connected.

We assess the financial and legal position and explain the available options clearly. Our team can advise on insolvency procedures and individual responsibilities while working towards a practical way forward.

Liquidation and winding up are formal procedures used to bring the affairs of a company or other relevant entity to an end, deal with its assets and address outstanding liabilities.

We explain the implications of the process and the options available to those involved. Our team can assist with winding up matters, creditor issues and related disputes while helping protect your interests.

Financial difficulties can develop for many reasons, including reduced income, increasing liabilities or unexpected changes in personal circumstances. Addressing these issues early can provide more options and prevent matters from becoming more difficult.

We take the time to understand your financial circumstances before explaining the legal options that may be available. Our approach is practical and focused on helping you make informed decisions about the most appropriate way forward.

Dissolution is the formal process through which a company is removed from the register and ceases to exist. Outstanding liabilities, assets or disputes can make the process more complicated.

We advise on whether dissolution is appropriate and identify legal issues that should be addressed beforehand. Our team can guide you through the necessary steps and provide advice if complications or objections arise.

Director disqualification can prevent an individual from acting as a company director or being involved in company management for a specified period. Proceedings can have serious professional and financial consequences.

We carefully review the circumstances and allegations involved and explain your legal position clearly. Our team can assist with responding to investigations and proceedings while working to protect your interests.

Solvent restructuring and reorganisation allow financially stable businesses to change their ownership, corporate structure or operations for commercial or strategic reasons.

We work with clients and their professional advisers to structure reorganisations efficiently and address the legal requirements involved. Our focus is on creating a clear framework that supports the future direction of the business.

An Individual Voluntary Arrangement is a formal agreement between an individual and their creditors to repay debts under agreed terms. It can provide an alternative to bankruptcy where the circumstances make an IVA appropriate.

We help you understand how an IVA works, the commitments involved and whether it may be suitable for your circumstances. Our team provides practical legal guidance so you can make an informed decision.