If you are contemplating bankruptcy or a voluntary arrangement, our Birmingham-based specialist insolvency solicitors can prompt and efficient legal advice on all the options open to you, so you can decide on the best way forward.
Bankruptcy is usually a last resort, and it can be preferable to enter into a voluntary arrangement with your creditors, in which you agree to make more affordable repayments.
However, if you owe at least £750, then you can choose to apply to the court for a bankruptcy order. Alternatively, if you owe someone £750 or more, they may petition the court for a bankruptcy order to be taken out against you.
For more information on any of the high quality legal services provided by our insolvency solicitors in Birmingham, please contact us.