You have recently been made Bankrupt and at this point, you will need specialist advice. Scroll down for advice on your Bankruptcy.
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So, What Happens Now That You’ve Been Made Bankrupt?
After a creditor makes you Bankrupt, the Official Receiver will take control of your property and financial affairs.
The Official Receiver will make contact with you to review and obtain more information on your conduct, finances and assets. They will then oversee the administration of your Bankruptcy, either by distributing your money and property between your creditors or will instruct an independent third party known as a Trustee to carry out these duties.
It is at this point you need to ensure you are fully equipped to deal with the situation.
You must co-operate, and if you do not, you could be committing a criminal offence.
That is why it is so important that you seek independent advice – your assets are at risk.
We have found that an early third-party appointment on the client’s behalf allows for the ability to build a case and rapport with the Official Receiver or Trustee, as this allows for strategic negotiations to take place, positioning the client and their assets in the correct way.
Below we have included a video of a recent case study where we assisted clients through their Bankruptcy and helped negotiate with the Trustee to write down the debt.
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,
5. All initial consultations are free.
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
There are some very sharp minds at Bell & Company, so we’re extremely adept at finding unconventional 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.
Chairman Terry Bell explores the mental health impact of financial distress. Resolving debt isn’t easy. The constant and ongoing pressure it creates can be all-consuming and encompass every facet of your business and personal life.