Personal Insolvency

We are an established and trusted business rescue and insolvency practice committed to finding the right solutions for businesses and individuals in financial difficulty.

We are an independent firm of insolvency practitioners committed to finding the right solutions for businesses and individuals in financial difficulty. At BRI Business Recovery and Insolvency, we specialise in the field of recovery and insolvency and believe that we offer sound, practical advice and solutions.

There are a number of forms of personal insolvency:

If you’ve found yourself in severe financial difficulty it is easy to panic. It can have a detrimental impact on your life and if not addressed, can lead to complicated legal issues.

At BRI Business Recovery and Insolvency, our dedicated and professional team will help guide you through personal insolvency and devise the best strategy to deal with any difficulties you are experiencing. The most appropriate for you or your client will depend on many factors.

Money generally, and personal insolvency in particular, is an emotive subject. When it involves a partner/spouse, children and a family home it just racks up the pressure. If you are contemplating making yourself bankrupt and wondering what all the other proceedings are about do not let pride come before a fall – call us.

In most cases, your imaginings are far worse than reality. There are many myths and legends and we can help to dispel them – or at the very least make them more manageable.

Contact us if you would like further information and assistance on personal insolvency or regarding any aspect of your personal financial situation. There is no charge for doing so and it is without obligation.


Bankruptcy

Bankruptcy is a way for individuals to deal with debts they cannot pay.

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Individual Voluntary Arrangement (‘IVA’)

An individual voluntary arrangement (‘IVA’) is a legally binding agreement between an individual and their creditors to repay them.

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Debt Relief Order

A Debt Relief Order is a way for individuals to deal with debts they cannot pay.

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Partnership Voluntary Arrangement

A partnership voluntary arrangement allow the partners to avoid bankruptcy and retain control.

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Partnership Administration Order

When a partnership encounters financial difficulty it can be put into administration.

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Frequently Asked Questions


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