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Personal insolvency
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, our experienced team can help put you on the road to recovery.
How we can help
Our experts in personal insolvency can support you with:
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Individual voluntary arrangements (IVAs)
An IVA is a private rescue procedure offering an alternative to bankruptcy. It gives debtors more control over their own financial affairs while avoiding the duties, expenses and fees involved in bankruptcy proceedings
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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
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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
Get in touch
If you are concerned about personal insolvency and bankruptcy, please get in touch with our personal insolvency specialists today. Contact Greg Palfrey, Regional Head of RRS, for a confidential conversation about how we can help you.
