Bankruptcy

There are instance where bankruptcy is the best option for an individual. Bankruptcy frees an individual from all debts in existence at the date of the bankruptcy order and the majority of individuals will be automatically discharged from bankruptcy 12 months or earlier from the date the Order was made. A Trustee is appointed to deal with the bankruptcy estate to ensure that asset realisations are maximised and realisations properly applied to the benefit of creditors. A bankruptcy order may be petitioned for by the individual himself/herself or by a creditor with a debt in excess of £750.

If you would like some more information on the bankruptcy services we provide, please contact personal.insolvency@aabrs.com