The threat and consequences of bankruptcy are serious and the situation can be very worrying. Bankruptcy places serious restrictions on the property and activities on a bankrupt and failure to comply with the rules can lead to action being taken against you. Information relating to the rules and procedures of the law of bankruptcy as it affects people in financial difficulty are contained throughout the site.
What steps you can take to try and recover a debt owed to you by a company, including how to serve a statutory demand or present a winding up petition;. What happens if a winding up petition is presented, how it might be challenged and its consequences;. What to do if a bank freezes the company's account, what a Validation Order is and how to apply for one;.
How we can help directors who are facing, or being threatened with, director disqualification proceedings;. How we can help directors facing claims by the Insolvency Service and/or Liquidators, including claims for misfeasance, wrongful trading and preferential treatment of creditors.
What steps you can take to try and recover a debt owed to you by a company, including how to serve a statutory demand or present a winding up petition;. What happens if a winding up petition is presented, how it might be challenged and its consequences;. What to do if a bank freezes the company's account, what a Validation Order is and how to apply for one;.
How we can help directors who are facing, or being threatened with, director disqualification proceedings;. How we can help directors facing claims by the Insolvency Service and/or Liquidators, including claims for misfeasance, wrongful trading and preferential treatment of creditors.
Services
We are experienced solicitors who deal with all aspects of personal insolvency and bankruptcy.
We aim to provide accessible and affordable high quality legal services to all our clients.
Our solicitors have experience dealing with all of the various areas of dispute that can arise from an insolvency situation, such as disputes over property, issues concerning commercial businesses and directors as well as the proper court procedure required to see a matter through to a satisfactory conclusion.
This website is provided by Grant Saw Solicitors LLP.
We aim to provide accessible and affordable high quality legal services to all our clients.
Our solicitors have experience dealing with all of the various areas of dispute that can arise from an insolvency situation, such as disputes over property, issues concerning commercial businesses and directors as well as the proper court procedure required to see a matter through to a satisfactory conclusion.
This website is provided by Grant Saw Solicitors LLP.
This section of website provides information about the legal processes and issues involved in a person seeking to avoid bankruptcy both from the point of view of individuals in financial difficulty and creditors seeking to recover money due to them.
This section provides information about how a person in financial difficulty can attempt to set aside or challenge a bankruptcy petition.
These are challenges made before the court and we explain how the court deals with them.
Applications to set aside a statutory demand are frequently made to court and debtors often challenge the petition when the bankruptcy hearing takes place.
This section provides information about how a person in financial difficulty can attempt to set aside or challenge a bankruptcy petition.
These are challenges made before the court and we explain how the court deals with them.
Applications to set aside a statutory demand are frequently made to court and debtors often challenge the petition when the bankruptcy hearing takes place.
The consequences of being made bankrupt are potentially very serious.
You and your family may lose your home.
You may lose your business.
You may have to stop being a director of a company.
You will be subject to restrictions as to what you can do during bankruptcy and your credit rating may be badly affected in the future.
We look at the alternatives.
If you have only one creditor who is threatening to take legal action against you, they may be willing to accept instalment payments, particularly if you can offer security over a property or other valuable assets.
You and your family may lose your home.
You may lose your business.
You may have to stop being a director of a company.
You will be subject to restrictions as to what you can do during bankruptcy and your credit rating may be badly affected in the future.
We look at the alternatives.
If you have only one creditor who is threatening to take legal action against you, they may be willing to accept instalment payments, particularly if you can offer security over a property or other valuable assets.
If a bankruptcy petition has been issued against you, there are a number of legal rules that need to be considered when deciding how to respond to this.
Any transaction that you enter into will be void if you are made bankrupt, unless this is approved by the trustee in bankruptcy or the court.
This can have serious implications if you are running your own business or are about to sell a property or other asset.
The petition cannot be withdrawn without the permission of the court at the hearing.
Any transaction that you enter into will be void if you are made bankrupt, unless this is approved by the trustee in bankruptcy or the court.
This can have serious implications if you are running your own business or are about to sell a property or other asset.
The petition cannot be withdrawn without the permission of the court at the hearing.
A Statutory Demand is treated as valid unless and until it is set aside by the court.
You have only 18 days in which to apply to the court to set the Statutory Demand aside.
If you do not do this in time and a bankruptcy petition is presented against you, the right is lost.
Once this happens, the time for compliance with the statutory demand stops running until the application is decided by the court.
If any of these does not happen, the application may not be issued in time and you will have to apply to the court for an extension of time.
You have only 18 days in which to apply to the court to set the Statutory Demand aside.
If you do not do this in time and a bankruptcy petition is presented against you, the right is lost.
Once this happens, the time for compliance with the statutory demand stops running until the application is decided by the court.
If any of these does not happen, the application may not be issued in time and you will have to apply to the court for an extension of time.
Reviews
Be the first to review Bankruptcy Solicitors.
Write a Review
