We have considerable experience in relation to Bankruptcy matters having acted in the administration of many such estates. We have the technical expertise to deal with complex cases and regularly act for creditors in recovering assets and unravelling transactions.  If you are owed money and are contemplating or have taken bankruptcy proceeding we may be able to add value.  Likewise we are able to advise debtors who find themselves in financial difficulties and are considering bankruptcy as to the consequences and other options available.

The main alternative to Bankruptcy is an Individual Voluntary Arrangement (“IVA”) which is a formal agreement with the creditors.  More than 75% of those voting have to vote in favour.  Once this is agreed, the creditors are legally bound to accept the terms of the Arrangement – even the non-voters.  We normally deal with IVA’s for individuals with complex financial position and / or where there will be on-going trading.  We can undertake IVA’s for individuals with standard consumer credit debts, however, there are a number of high volume IVA providers that offer this service and where appropriate we can refer you to such an organization.