Osmond and Osmond understand that insolvency and bankruptcy are always present whatever the economic climate. Clearly, tough economic times see both insolvency and bankruptcy increase as individuals and businesses find that they are unable to meet their financial commitments and struggle to repay their debts.
Debt problems can quickly spiral out of control and ignoring creditors and debts will only make the situation worse, so it is important to seek assistance as soon as possible from experienced insolvency and bankruptcy professionals. Whatever stage you find yourself at, whether you are only just starting to miss monthly repayments, or are being threatened with court action; it is never too soon or too late to take control of your financial situation.
Whether you are a business or an individual and whatever the reason for your financial difficulties, our specialist insolvency and bankruptcy solicitors can help you by providing practical and innovative advice on all aspects of insolvency and bankruptcy law.
Insolvency and Bankruptcy – Your Options
The liquidation of a business or personal bankruptcy can seem like a drastic option. For many, this might be the best solution to a financial crisis but there are a number of alternative avenues that can be considered in each case. Debt management solutions do exist that could enable you to restructure your finances without opting for the last resort.
Company Insolvency – companies do not always have to face liquidation. As with individuals, less drastic measures exist such as company voluntary arrangements (CVAs) and pre-pack administrations which can help a business work its way through a difficult period.
Individual Bankruptcy - depending on your financial circumstances, our lawyers could negotiate with your creditors to arrange an informal debt management plan, which is an agreement between you and your creditors to make regular and affordable payments each month. Another alternative is an individual voluntary arrangement (IVA), which is a similar but more formal agreement with your creditors to repay all or part of your debt over a set period of time.
Osmond and Osmond's Insolvency and Bankruptcy Expertise
Our approachable insolvency lawyers will discuss all the different options available to you based on the individual circumstances of you or your business. We will help you choose the right option for your situation and guide you through the process, dealing with your creditors on your behalf to manage and reduce your debts and, most importantly, get you back in control.
Our highly experienced insolvency and bankruptcy lawyers can advise on:
- Debt management
- Individual Voluntary Arrangements
Our lawyers also act on behalf of insolvency practitioners in all aspects of insolvency and bankruptcy.
Whatever financial difficulties you are facing, take control today by contacting our insolvency and bankruptcy team. Contact firstname.lastname@example.org or by telephone on 0207 583 3434 for more information.