We can advise on the options available to individuals in financial difficulty. Contact us for a free initial consultation to discuss your personal circumstances.
"As a single woman who owned a small business in financial difficulty, you looked after me so well and kept me going when I was in a very dark and miserable place. The team at Booth & Co (especially Luke) all gave me hope and more importantly provided guidance and help and someone to trust. You pointed me in the right direction, which was brilliant."
Mrs S.M. – completed IVA
We can advise on the options available to individuals in financial difficulty. Contact us for a free initial consultation to discuss your personal circumstances.
An IVA is effectively a contract between an individual and his/her creditors that ring-fences their historic debt to allow continuity of trade or employment and for contributions (either by way of a lump sum or agreed monthly payments) to be made in settlement of the debt.
Once the Bankruptcy Order has been made by the Court, the Official Receiver (a government official) will initially be appointed to deal with your affairs. A Trustee in Bankruptcy (a Licensed Insolvency Practitioner) is often appointed shortly afterwards, usually in more complex cases.