Bankruptcy

Individual Bankruptcy

It may be that you are in considerable debt and you need guidance on whether applying for your own bankruptcy is an option or if there are other ways of dealing with the money owed, for example, negotiating with your creditors and reaching an arrangement with them.

Your situation may be suitable for an individual voluntary arrangement (IVA), a special insolvency scheme which can be an alternative to bankruptcy.

In some cases you may be facing bankruptcy as a result of one of your creditors pursuing you and threatening bankruptcy proceedings as an enforcement process against you. 

Borneos can advise you fully on all these matters and their implications including the procedures for bankruptcy, the potential annulment of a bankruptcy order and the procedures and implications of an IVA.

We can also give  guidance and advice on administration orders.

Bankruptcy as an Enforcement Method

Bankruptcy can be used as a potential enforcement method for the recovery of money which is owed. We are able to assist you with these bankruptcy procedures. This is also referred to in our debt recovery section.

 

 

If you would like to discuss how we might help you, please:

 

• call any of our office numbers listed at the bottom of this page;
• contact one of our specialists direct by clicking on their name below; or
• complete our enquiry form

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Members of our team specialising in this area:

Charles Clay, Vincent Foley, Alan Hamblett

Julie O'Shea, James Thurgood