Personal insolvency advice

Constrained financial circumstances can be challenging to deal with and how you handle them will determine the impact they have. If unpaid bills start mounting up or debt collection agencies get involved, it’s important to understand your rights and obligations as soon as possible.

The potential for personal insolvency can be intimidating, but there are several avenues that can help to resolve a difficult situation. By evaluating all your options and thoroughly reviewing your circumstances, we can help put you on the road to recovery.

• Individual voluntary arrangements (IVAs): A private rescue procedure offering an alternative to bankruptcy, giving debtors more control over their own financial affairs while avoiding the duties, expenses and fees involved in bankruptcy proceedings.
• Bankruptcy: As a last resort, we can act as a trustee for creditors, as a trustee following a Secretary of State appointment, and/or as an interim receiver pending the hearing of a bankruptcy petition in circumstances where assets are in jeopardy.
• Ad hoc advice: We can also advise you on your rights to retain property including pension rights, and assess the possibility of proposing an IVA as an alternative to, or an exit from, a bankruptcy process.

You can view our list of insolvency licensing bodies here.