If as an individual you are experiencing financial difficulties there are several alternatives available to you.
A Bankruptcy Order is granted when it is proved to the Court that someone cannot pay their debt(s) - a minimum of £750.
An Individual Voluntary Arrangement (IVA) is a formal agreement between a debtor and his or her creditors and must be supervised by a Licensed Insolvency Practitioner.
If you are in a Partnership that is in difficulties, you should look at our pages concerning Partnerships.
There are a range of other debt proceedures – some of which do not need an Insolvency Practitioner to administer.
The initial consultation is FREE. After this meeting we would advise on the appropriate alternatives available to you.
