What is Insolvency?
When you are unable to pay money that you owe to either an individual or a company, on time, you are said to be in a state of insolvency. To get out of this state there are several solutions such as bankruptcy, receivership, liquidation and administration.
For individuals, bankruptcy is generally a last resort. A first time bankrupt with debts will generally receive their discharge one year after the date of the bankruptcy order. Our team will advise you on the best action to take as well as negotiating with your creditors. What’s more, is we will also assist you and prepare the petition and guide you through the entire process.
We provide legal advice to clients who find themselves on either side of insolvency, from those that are or want to enter into an insolvency procedure, to creditors of an insolvent person or company.
Why choose Oracle Solicitors?
Our specialist team has developed expertise in a wide range of both personal and corporate, advising a variety of clients including individuals and businesses faced with the threat of financial difficulty. We deal with matters with a pragmatic and sensitive approach to finding the most commercially viable solutions.
If you have any questions whatsoever about this matter, do not delay in contacting our highly experienced Insolvency solicitors in London or Belfast for expert advice, delivered fast and efficiently.
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