Bankruptcy & Debt Help
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Insolvency for Individuals, Sole Traders and Company Directors
Insolvency for individuals, whether you own your own business or not, is a difficult time but we help sole traders and individuals without a business in Liverpool steer the right course through whichever procedure is correct for their circumstances. Similarly, you might be a director of a limited company and caught by personal guarantees. Whatever your situation, a variety of solutions are available for insolvent debtors in Liverpool and nationwide including:
An Individual Voluntary Arrangement (IVA) allows you to carry on trading and come to an arrangement with creditors to repay them from future income. Payments usually continue for a five year period and it is not always necessary to repay creditors in full in an IVA.
Where more terminal insolvency proceedings must be put in place, you may be left with no alternative but to file your own bankruptcy petition in the Liverpool County Court, Birkenhead County Court or other local county court closest to where you live or trade. This is always the last resort for anyone.
Telephone: 0151 909 5862
Office hours: 09.00-17.00
Whilst bankruptcy has become an easier and shorter process in recent years it should never be entered into lightly. Where there are no alternatives we can help guide you through the bankruptcy process. Whether you have debts from your sole trader business, monies outstanding under a personal guarantee or you are an individual with non-business personal debts we can help you. If you are facing bankruptcy we can assist with completion of the bankruptcy forms 6.27 and 6.28 and help you deal with the Official Receiver, Birkenhead, throughout the 12 month bankruptcy period.
If you are concerned about personal debt, please contact us now.