Getting advice as early as possible is key to finding the best solution for you

Karen Adams

Head of Commercial Recoveries


Personal insolvency

It is unusual for individuals to be able to trade out of their financial situation. However, if you take action early enough it may be possible for you to obtain alternative sources of finance or a consolidation loan which would assist in ensuring that you can continue to control your own affairs. We work closely with a number of Insolvency Practitioners who are able to provide appropriate assistance and recommend sources of funding. 

In the event that it is not possible to obtain appropriate finance or to avoid formal insolvency, then we can explain the formal insolvency procedures available including bankruptcy and individual voluntary arrangements and their advantages and disadvantages.  The aim is to provide you with a solution which fits your circumstances.  If you have already become bankrupt or have entered into a voluntary arrangement, we can help guide you through the process.  

The major asset in a bankruptcy is often the house.  Where this is jointly owned or a third party claims an interest in the property, the Insolvency team has a lot of experience in advising on the ownership of the property and how to ensure that the property is not sold.  We can also advise on claims concerning loans which have been taken out to finance any business operated by the person in bankruptcy and which have been charged on the property.

  • Brian Auld
      • 01295 661436
      • 07977 127154
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  • Sioban Calcott
      • 01295 661414
      • 07800 872936
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