Defending bankruptcy proceedings
A creditor can commence bankruptcy proceedings if more than £5000 is owed to them and they have served a statutory demand and received no response.
If you are a director of a company and a bankruptcy order is made against you, you would have to cease acting in that capacity and if you are self-employed your business assets are also at risk. Bankruptcy also affects your ability to obtain credit, and your long term credit rating, as well as your ability to control your assets such as your house and vehicles and potentially your pension.
If you dispute the debt then you need to act fast upon service of the statutory demand or bankruptcy petition and our team are here to assist be it in negotiations with your creditors or defending the proceedings.
If you have been subject to a bankruptcy order and have paid your debts in full and want to annul your bankruptcy from the records then we can provide advice on how to make your application.
Problem with a Will or Inheritance
With emotions running high after the death of someone close, arguments over the Will (or lack of one) and the deceased's finances can add even more unwanted stress.
If tensions rise between executors or beneficiaries, we can help you find a route through the process. You may feel an executor has not fully complied with the deceased's wishes or has not acted in the best interests of the estate. We can help you with this.
If you feel you have not been fairly provided for, we can advise on whether you may be able to claim against the estate. We can also help with claims for breach of trust or fiduciary duty (when a trustee may have acted beyond their powers).