Personal Insolvency

What is personal insolvency?

Personal insolvency is when an individual cannot pay all their debts when they fall due for payment.

If you are borrowing to pay debts, overusing your credit cards or unable to pay your debts, it is a sign that you

What are your options if you cannot pay your debts when they fall due?

• restructure your affairs by debt agreement
• enter a debt agreement
• enter a personal insolvency agreement
• declare bankruptcy.

Who do we act for in personal insolvency matters?

Debtors

We often advise people who are facing financial difficulties. This may involve dealing with creditors and advising them on the likelihood of a return.

Creditors

We work on behalf of creditors, investigating bankrupt estates and providing recommendations on how best to maximise recoveries.
We are also experienced in taking on appointments as Statutory Trustees, effectively qualified independent parties appointed by the Court to secure and sell disputed property and distribute proceeds as specified by the Court.