Our business recovery and insolvency team advise individuals when faced with personal debt. This may be due to a failed business where you have signed a personal guarantee or where an unforeseen event such as redundancy has put you in a position where you can no longer pay your debts as and when they fall due.
There are currently three formal insolvency procedures available to people with personal debt problems:
There are also informal debt management options which do not operate within Insolvency Legislation
For further information, please contact one of our Partners who will be able to assist you.