There are a variety of ways in which we can assist an individual who finds himself in financial difficulties. Often debtors are anxious to avoid bankruptcy, in which case we can assess what is the most appropriate option available to them. It can simply involve negotiating with creditors on an informal basis, or in some instances, particularly where there are a large number of creditors, an Individual Voluntary Arrangement can be more suitable.
An interview with one of our Licensed Insolvency Practitioners will quickly enable them to advise on the suitability of an IVA and the consequences of both an IVA and Bankruptcy.
Of course, bankruptcy can still be the solution for some debtors, but it is always advisable for an individual to seek advice regarding their personal circumstances at the earliest possible opportunity in order to ensure they decide on the correct procedure for their circumstances and are fully aware of the implications and restrictions.