People will often do whatever it takes to protect their family and ensure there’s a roof over their head. Because we work with both debtors and creditors in this scenario, we have a good understanding behind each party’s struggles and motivations.
It’s not business, it’s personal.
For individuals who are facing unmanageable debts after their business has faced financial difficulty, our team can work with your creditors to arrange a personal insolvency agreement. In many circumstances, we are able to assist clients avoid personal bankruptcy. After all, most creditors simply want to arrange a way to get their money back.
We also advise company directors who are being threatened with bankruptcy and are being examined by insolvency firms about their personal wealth and assets.
On the other side of the equation, we act for creditors including commercial banks, lenders, private investors and businesses that provide credit of some form. Because of our work advising company directors being threatened with personal action against them, we are experienced at being able to foresee their next move – which gives us a better chance of getting a positive result for your business.
Our team advises creditors on enforcing guarantees, initiating bankruptcy proceedings and negotiating debt agreements.
Going down the path of personal insolvency is stressful for all stakeholders – including the creditors. Given our work with all the types of parties involved in such an issue, we’re well placed to provide strategic, empathetic but ‘straight’ advice. Contact us today if you’re in need of some assistance navigating this minefield.