The modern personal bankruptcy regime in the UK is intended to be ‘non-judgemental’. Gone are the days of debtors prisons in favour of a culture that recognises that a nation of risk taking entrepreneurs sometimes produces losers. However, there is still a requirement for extreme behaviour to be moderated and controlled. These controls […]
In circumstances where the level of your overall debt means that you are struggling to make repayments as they fall due advice from a specialist insolvency lawyer, whether a solicitor or a barrister is essential. There are occasions however where an informal arrangement may be much preferable to a formal procedure, such an Individual Voluntary […]
If you are an individual (as opposed to a company) and you owe money the consequences can be draconian. You would be well advised to seek advice from a specialist insolvency lawyer at the earliest opportunity. The person seeking payment (the creditor) may issue a Statutory Demand (or a “Stat Demand” as it is […]
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