Insolvency Advice for Individuals

Many individuals find themselves in financial difficulties. This can be for a number of reasons, but very common causes are a loss of employment, failure of a business, break-up of marriage, illness or simply over-extension of credit card debts. Whatever the cause, it is important that action is taken to address the position. Provided that an individual acts responsibly in relation to debts, there is no reason to be concerned.

Creditor pressure can, however, often result in actions being taken that can be criticised later. For instance, people often take on extra new debt to pay a demanding creditor where it is known that the new debt cannot be repaid on time and in full. This is a criminal offence, which can result in any or all of the following:

It is therefore vital that action is taken as soon as an individual realises that their debts cannot be paid. In this way, with proper advice, the debts can be settled in an orderly and legal manner.

Many people in financial difficulty are wary of dealing with the matter because they are afraid that their home could be at risk. In most cases, this is in fact a needless concern. There are many ways to protect a home and still settle the debt problem.

We can advise you of the ways your home can be protected and can tell you if there is any real concern in your case.

We advise on the best course for you, to give you the best chance to start to re-build your life without the concern of past debts. We have specialists in all of the alternatives available, and can also advise you on what actions you need to take to both act responsibly and remove the burden of debt.

You may have been advised to consult an Insolvency Practitioner. This is someone who is an Officer of the Court, whose responsibility is exclusively to your creditors.

There are ways to deal with your debts in a responsible and legal manner, whilst at the same time protecting your own interests. But an Insolvency Practitioner has no obligation or incentive to tell you what these are. We act only for you, the debtor, and can advise you which of the alternatives satisfies best your own interests, and help you through the entire process.

We offer advice on all aspects of Bankruptcy

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When you or your company are made bankrupt, your assets (possessions, home, income etc) can be used to pay your debts. You have to agree to certain restrictions and your financial affairs will be investigated. Find out how bankruptcy affects you and where to get advice on dealing with your debts.

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