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Personal bankruptcy and debt recovery

Private Client Bankruptcy & Debt Recovery Solicitors, London

Experienced personal bankruptcy and debt recovery solicitors

If you can’t pay your debts, it’s not only extremely stressful and difficult but your assets may be at risk and that includes your home. However, the most important thing to bear in mind is that there may be a solution available to you that youare not aware of, be it bankruptcy or an IVA. Getting help and advice early is always preferable to doing nothing. Alternatively, the frustration and difficulties caused when you are owed money, and the debtor will not pay are not to be underestimated. Whatever your financial circumstances, we can advise and assist to help you alleviate your current financial distress.

Bankruptcy and IVA

If you cannot pay your debts, bankruptcy may be an option for you and in these circumstances almost all of your unsecured debts are written off. However, there are strict rules which you need to understand and certain restrictions. Another option may be an individual voluntary arrangement (IVA) which is a formal and legally binding agreement between you and your creditors to pay back your debts over a period of time. Again, there are rules surrounding an IVA and it is essential that you both understand the implications of these and make sure you comply. Our team can advise you about the best approach for you and your circumstances and assist you throughout the bankruptcy or IVA process.

Debt recovery

When someone owes you money it can be very stressful especially if they are ignoring your calls, letters or emails. Sometimes, all it takes is a well worded letter from a solicitor to ensure the debt is paid. But if this doesn’t result in payment we can advise and assist with the next steps including issuing a letter before action to an individual, corresponding with your debtor and issuing legal proceedings to recover the debt. 

Speak with a London based solicitor about bankruptcy or debt recovery

If you need advice or assistance in respect personal debts, bankruptcy or debt recovery contact us today. Our team is ready to help.

Solicitors in

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Andrew Robins

Partner
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Jonathan Woodroffe

Consultant Solicitor