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PERSONAL INSOLVENCY
At Armstrong Wily we have extensive experience in the field of personal insolvency and recognise insolvency may be the consequence of:
- Personal liabilities flowing from a failed business;
- Overcommittment to borrowings and cerdit card debt;
- Unemployment and ill health;
- Litigation against individuals.
Our expertise in this field enables us to understand the sensitive nature and emotional aspects of personal insolvency. We use our expertise to ensure that individuals are aware of their options and then work with them to achieve the best possible result for both the individual and their creditors.
Personal insolvency matters predominantly take the following forms: |
Bankruptcy
These appointments can be made either as a result of a Creditor seeking an Order from the Court for the appointment of a Trustee or by the individual submitting their own petition to declare themselves bankrupt.
Personal Insolvency Agreements
Armstrong Wily has been appointed as controlling Trustee on many occasions. These appointments are made by an individual with a view to reaching an agreement/settlement with their creditors in respect of their debts.
We understand personal insolvency can be a difficult problem to manage. Our experienced and dedicated team of specialists are trained to provide individuals with the best solution to solving their personal financial difficulties. |
