Personal Insolvency and Debtor Defence Work...

We deal with all aspects of personal insolvency acting on instructions received from Trustees in Bankruptcy, those subject to or threatened with Bankruptcy Orders and interested third parties, such as co-owners and family members.  We also act for Insolvency Practitioners and debtors in providing everything necessary for the negotiation, drafting and implementation of Individual Voluntary Arrangements (“IVAs”).

For Trustees in Bankruptcy we prosecute claims for the recovery of Bankruptcy assets and otherwise seek to maximise realisations in the Bankruptcy estate, such as claims concerning antecedent transactions or under the other provisions of Chapter V of the Insolvency Act 1986. We also deal with any legal issues arising from the administration of Bankruptcy estates such as meetings of creditors, the fixing of creditors’ claims, and Trustees’ remuneration whether or not the issues involve the Court.

Our vast experience in bringing Trustees’ claims enables us to effectively advise those faced with such claims or suffering the consequences of a Bankruptcy Order. We never consider the making of a Bankruptcy Order as terminal and in most circumstances we are able to offer advice and assistance in minimising the effects and costs that follow including the possibility of applying to annul the Bankruptcy Order where appropriate. The breadth of our professional contacts enable us to make introductions to lenders to source funds needed to re-finance personal borrowing under stress, for acquisitions from the Bankruptcy estate or to settle Trustees’ claims.