Our Insolvency Team offers guidance and representation to all parties impacted by a bankruptcy order. This includes the debtor, their spouse, family members, business partners, and creditors. With extensive experience, we also support insolvency practitioners acting as Trustees in Bankruptcy.
Here’s how we can help:
Legal advice: explain the bankruptcy process and the various options available to individuals or businesses facing financial difficulties. Considering their circumstances, assess their situation and advise on the best course of action.
Preparing and filing documents: bankruptcy involves a significant amount of paperwork, including petitions, schedules, and financial disclosures. We can assist in preparing and filing these documents accurately and on time, ensuring compliance with all legal requirements.
Representation in court: if bankruptcy proceedings involve court appearances or hearings, we can effectively represent your interests. We can negotiate on your behalf, present evidence, and negotiate with creditors or opposing parties to achieve the best possible outcome.
Negotiating with creditors: in some cases, it may be possible to negotiate with creditors outside of court to reach a voluntary arrangement or settlement. We can handle these negotiations on your behalf, advocating for favourable terms and helping to resolve disputes.
Protection of rights: we ensure your legal rights are protected throughout bankruptcy. We advise on exemptions, rights to certain assets, and potential liabilities, helping you minimize the negative impact of bankruptcy on your financial future.
Advising on alternatives to bankruptcy: In some cases, bankruptcy may not be the best option for resolving your financial difficulties. We can explore alternative solutions, such as debt restructuring, debt management plans, or voluntary arrangements, and guide the pros and cons of each approach.
Tees’ expertise in bankruptcy law and procedures can be invaluable in helping individuals and businesses navigate the complexities of the bankruptcy process and achieve the best possible outcome for their financial situation.
