Being made bankrupt has severe consequences for the individual. Not only does it affect their credit rating for six years and ability to borrow, but they may also lose their possessions or their home, lose their jobs as well as lose control of their finances to a trustee. Above all of that, they are named and shamed on a public register.

Bankruptcy should not be used as a debt recovery tool for disputed debts; however, for undisputed debts over £5,000, it applies pressure like no other and identifies those who won’t pay and those who can’t pay.

We are skilled in identifying whether this is the best course of action for you to recover your debt.

 



Business Law Services

Litigation & Dispute Resolution

Disputes can spill over from the workplace, the boardroom or the internet and into.......

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Debt Recovery

Recovering debt is a common problem in a business where you’ve done all the hard work, a

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Professional Negligence

There’s a simple reason why people and businesses appoint professionals.......

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Partnership, LLP & Shareholder Agreements

We have many years of experience drafting bespoke agreements, regulating........

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Contract & Employment Law

Employment relationships are at the heart of any business and If you get this wrong......

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Insolvency

Many businesses have recently found themselves in insolvency situations with......

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Winding-up Petitions

Directors can lose control of the company’s finances to a liquidator and remain personal

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Bankruptcy

Being made bankrupt has severe consequences for the individual. Not only does it affect...

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Alternative Dispute Resolution

Alternative dispute resolution (ADR) refers to ways of resolving disputes that don’t....

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Reputation Management

Nothing in business is more important than a person’s reputation. With the advent of....

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