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Filing for Bankruptcy

Are you filing for bankruptcy, or being threatened by a creditor with bankruptcy? Bournes may be able to help.

Filing for bankruptcy should always be considered as a last resort. Before advising our clients to go bankrupt, we will discuss all your other options first, such as debt relief orders, debt management plans, individual voluntary arrangements, administration orders or claims management (unenforceable credit agreements).

If, on finding that bankruptcy is a suitable option, Bournes can help your through every stage of the bankruptcy process, from obtaining and filling the relevant forms, to briefing and representing you at court.

We understand how complex and scary the whole process of filing for bankruptcy can be. That is why we want to ensure that if this is the right option for you, the bankruptcy application and process runs as smoothly as possible.

We can advise on:

The advantages to going bankrupt are:

The Insolvency Service has documented a year on year increase in Bankruptcy Order figures. Many people have thought of going bankrupt, but often find the whole process of filing for bankruptcy complex and stressful. That is why we are available and able to help. Throughout every stage of the bankruptcy process, from obtaining and filling the relevant paper work for your court case to briefing and representing you in the court room.

During bankruptcy any property that you own or have an interest in at the date of bankruptcy (although there are exceptions) automatically transfer to the trustee and forms part of your estate. Once the transfer has taken place, the trustee acquires all the rights and liabilities previously belonging to the client and is able to sell any assets to pay creditors.

Our commitment to our clients extends beyond your declaration of bankruptcy, we are happy to help and advice on financial matters during and after your bankruptcy should you require use to do so.