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Bankruptcy

A Bankruptcy Petition is usually presented by an individual, a creditor or a supervisor of an Individual Voluntary Arrangement (IVA).

The first stage is a Debtor’s Bankruptcy Petition, a Statutory Demand or a Certificate of Non Compliance.  If you do need advice about whether or not you should present you own petition, or receive a Statutory Demand or fail to comply with the terms of your IVA it is important to act quickly.  Delay will only compound your problems.

If someone owes you more than £750 and you wish to issue a Statutory Demand it is also important that you also obtain advice first.  All the T’s must be crossed and the I’s dotted when you apply for a Bankruptcy Order and we can assist you through the process.

Whilst a discharge from bankruptcy is usually at the end of the period of one year you may also need related advice about applying to have the Bankruptcy Order annulled, your home, Income Payment Orders and Bankruptcy Restriction Orders.

For further information, please contact Justin Sadler by telephone, fax or e-mail to justin@barrettandco.co.uk.