Debt and insolvency
Many people are adversely affected by debt, in fact there are very few people who don’t have some form of debt. However, this can range from a credit card debt or a managed debt to a bank, for example in the shape of a mortgage on a property, through to the legally declared inability of either a person or a company to pay the money loaned to them. We have placed this latter scenario into two main categories:
- Commercial Insolvency
Bankruptcy tends to refer to individuals or partnerships, whilst insolvency tends to refer to companies and corporations. Within these links you will find further explanations of the two scenarios, the people involved and the advantages and disadvantages of different courses of action.
We also have links to more general information which includes explaining the various solutions to debt for both creditors and debtors, and information about bailiffs.
If you would like to obtain legal advice on matters concerning debt and insolvency, we can help to put you in touch with a local specialist solicitor. Our service is free. Call our experienced case handlers on 0800 1777 162.