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Bankruptcy Advice

Bankruptcy can be a worrying time for many, especially when Trustees are involved and assets are at risk. Bell & Company are experts in dealing with Trustees and in certain cases, we protect assets such as the family home....more

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Bankruptcy Advice

What is Bankruptcy?

Bankruptcy is a formal process where you or your creditor can declare that you are unable to pay your debts. Many see it as a last resort but it can be a fresh start for those struggling with debt. The process can be confusing but Bell & Company can provide expert Bankruptcy advice.

What are the consequences?

Your debts are removed after 12 months of Bankruptcy. However, the Trustee may repossess and sell any assets that you own to pay your creditors.

As well as this, if you have any surplus income you may have to contribute this. This can be for up to 3 years, even after you are no longer Bankrupt.

After one year, you are discharged, debt-free. However, a Trustee has three years to realise assets you may hold, including your family home.

Can I keep my home?

For many, the family home is the most treasured asset. In Bankruptcy cases where there is value in your home, your Trustee will seek to repossess it. This can happen even if you jointly own the house with another person.

Bell & Company can offer strategies to offer the best chance of retaining the family home.

What is a trustee?

If you have assets worth more than £15,000, a Trustee will oversee the process. Their job is to realise (sell) your assets to pay off creditors.

They also take a fee based on a variety of factors including the value of your assets and the amount of work involved. These fees are paid from your Bankruptcy estate.

At Bell & Company, we have found that early communication on the client’s behalf allows for the ability to build a case with the Trustee. This allows for strategic negotiations to take place, positioning the client and their assets in the correct way.

How can we help?

No matter what stage you are at in your Bankruptcy, there is always hope. Bell & Company offer expert Bankruptcy advice and provide practical solutions, no matter the issue.

It is essential to get the right advice and it is vital to attack the problem. That is what Bell & Company do.

If you need Bankruptcy advice, call us today to speak with an expert.

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1. We will devise the best strategy for you
2. We will see every case through until the end
3. We are experienced in negotiating with Creditors
4. We have helped hundreds of clients

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Free Initial Case Review

From the outset, we establish clear bottom lines with our clients, so we understand what their priorities are and what must be protected. We then create a strategy to navigate the way out of corporate and personal debt with impartial advice and rigorous action.

Specialist, Impartial Advice

The team at Bell & Company combine technical expertise with over a decade’s experience, to find the strategies and solutions to resolve our clients’ debt dilemmas. This means that when you’re with us, you can be assured that we’re working for your best possible outcome.

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