Wendy King
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InsolvencyAccording to Government figures, individual bankruptcies rose by 27% to a total of 45,000 in 2004. The reasons given for the increase are the ease with which credit is available, together with an increase in the amount of debt not secured on property.
Despite changes in the rules governing personal insolvency, Individual Voluntary Arrangements may still be available, and the period of a bankruptcy has been reduced in most cases. Rules governing setting aside payments made before a bankruptcy remain, as do those relating to asset recovery and disposal.
If you find that your debts have got out of hand, or that you are affected by the consequences of someone else’s financial difficulties (someone you do business with perhaps, or a family member) WMK can help.
We have an experienced team who give rational, understandable advice, whilst having sympathy for your personal situation. We can help you analyse your assets and liabilities, and will provide the impartial advice you need to assess the steps you can take. Our all-round service aims not only to advise you in your current difficult situation, but to look at its root cause and help you to avoid similar problems in the future.
Click here to find out what we can offer in specific situations.
Contact Chris Elliott on 020 8300 9321 or email him on celliott@wmk-law.com alternatively Contact Us