Financial lawyers

Financial lawyers can help you with a wide range of matters, and can help both private individuals and companies. If you have personal financial difficulties, financial lawyers can provide you with expert legal and professional advice to help you overcome these difficulties.

As a private individual, financial lawyers could give you assistance if you are struggling to pay your debts, and suggest a number of options available to you. You could, for example, petition for bankruptcy. Financial lawyers could help you make such a petition. You may be able to petition for bankruptcy if you can show that you are unable to pay your debts as they fall due. There are some benefits of making a bankruptcy petition. For example, as soon you petition for your own bankruptcy, the court can stay any current actions against you. This means that those whom you owe money to (known as ‘creditors’) cannot take any legal action against you to enforce the debt. Another advantage is that once bankruptcy proceedings have finished, you will be allowed to start again debt free.

Alternatively, financial lawyers could help you draft and negotiate individual voluntary arrangements (‘IVAs’). IVAs involve you, with the help of lawyers, reaching a compromise with your creditors. This may enable you to settle your debts and may allow you more time to pay.

From a company perspective, financial lawyers could help you defend or bring insolvency proceedings. You could petition for the winding up of another company. There is a specific statutory procedure that must be followed in order to put another company into liquidation.

Either way, if you have financial issues it is useful to have your situation looked at by a specialist financial lawyer.

If you would like to obtain legal advice and information on finding financial lawyers, Contact Law can put you in touch with a local specialist financial lawyers / solicitor free of charge. So, if you have any questions or would like our help in finding local financial lawyers / solicitors please call us on 0800 1777 162 or complete the web-form above.