Insolvency

Suppliers can use the threat of bankruptcy as a tool to collect debts.

If your debt is genuinely disputed and you receive a statutory demand requiring you to pay within 21 days, you must move quickly.

You have only 18 days to apply to set aside the demand if you are an individual or partnership. If you are a company you will need an injunction to prevent the advertisement or presentation of a winding up application. We can help you in either situation.

If you have been made bankrupt unjustly, we can help you obtain an annulment of the bankruptcy order. In the current financial climate, liquidators of companies are only too ready to pursue former directors for breach of fiduciary duty and misfeasance. We can help you.

If you are a discharged bankrupt it can come as a shock to find that the trustee in bankruptcy may try to claim an interest in your house even after your discharge. The trustee is, under current legislation, subject to time limits: contact us for more advice and representation.

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