The decision to be made bankrupt should never be taken likely. Whether you have decided that you have no alternative other than to petition for your bankruptcy or if one of your creditors has threatened to petition for your bankruptcy, there are important issues that you should understand before accepting that you have no other alternative.
As Insolvency Practitioners we have actual experience of acting as Trustees in Bankruptcy. Most bankruptcy advisors do not have this experience and so they are unlikely to be able to give you the practical help that we can.
What we can do for you
Help you to understand how bankruptcy will affect you and recommend steps that you can take in advance to minimise the disruption that bankruptcy could cause.
Provide detail on pre bankruptcy transactions that could be challenged during the bankruptcy.
Summarise the key advantages and disadvantages of bankruptcy.
“I’d like an IVA to avoid bankruptcy, but I don’t know if it’s a feasible option”