Archive for March 2017

Petitioning For Bankruptcy

Petitioning For Bankruptcy

Petitioning for Bankruptcy? So, why would I petition for my own Bankruptcy? After our first blog on the subject of the ‘B’ word, we have had a number of people looking for definitive advice on their positions, when to all intents and purposes they are ‘crippled’ with debt. The burden of debt and the effect…

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The B Word: You Can Consider Bankruptcy

The 'B' Word - You can consider bankruptcy

The B Word: You Can Consider Bankruptcy Over the next two weeks, we will be detailing the concerns and consequences of personal bankruptcy. The first two articles will detail with the legal financial consequences, plus detail of the practitioner involved. We will conclude the brief series with some experiences of clients and how they have…

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Aggressive Creditors & Liabilities: Rethink & Refinance

Aggressive Creditors & Liabilities: Rethink & Refinance

Aggressive Creditors & Liabilities: Rethink & Refinance Under the provisions of the Insolvency Act 1986, a company and its Directors need to be careful when continuing to trade knowing the company is insolvent. In basic terms, once realising a company is insolvent, Directors are deemed to be personally liable for increasing debts from the point that…

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