Services for Sole Traders & Partnerships
Personal insolvency is never an easy concept to deal with as it involves your personal finances and affects your personal life. We are here to make sure that you are taken care of during our appointment and to make sure the best proposal is put forward for you and your family.
Depending on your personal situation i.e. if you have a family, if you are a home owner etc. will have an impact on which of the following processes would best suit your needs:
Individual Voluntary Arrangement
|A contractual agreement based on the individual’s ability to afford repayments.
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|Initiated by the debtor or creditors by presenting a petition for bankruptcy to the court. more information >>|
These are the 2 formal insolvency processes used by individuals, sole traders & partnerships who are struggling with personal insolvency.
More Helpful Information
There are many reasons as to why an individual, sole trader or partnership would become insolvent. Our helpful information pages provide advice on how to deal with the symptoms of insolvency as well as offering solutions to their insolvency situation.