We will provide full market advice during the consultation process to ensure the client is fully aware of all options open to them.
If the client decides that bankruptcy is in their best interest, we will firstly look at how to protect any third party interest (e.g. matrimonial interest in property etc). We will then produce all the legal documentation (Debtors Petition and Statement of Affairs). We will physical attend court with the clients as well as all subsequent meeting(s) with the Insolvency Service/Trustee.
We remain on retainer until the client is discharged from bankruptcy. During this time, we will (if appropriate) negotiate on behalf of the client/3rd party the purchase of the bankrupt’s “Beneficial Interest” in assets such as property.
During the whole process, the client will have a dedicated Client Director who will manage the case from start to finish.
Please see here for our blogs on bankruptcy.
This information is for guidance purposes only, you should seek professional advice regarding your circumstances.