Personal Insolvency

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What is an insolvent estate?

An insolvent estate is left when a deceased person’s debts are greater than the total value of assets, and therefore money is owed to their creditors.

Individual voluntary arrangement (IVA) vs other personal debt programmes

IVAs allow you to make a single monthly payment towards your debt for a period of 5 or 6 years, after which time any remaining debt will be written off. But is this the best option for you? We assess IVAs against other debt programmes such as DMPs, bankruptcy, DROs, Administration Orders or debt consolidation.

What is a creditor petition for bankruptcy?

What criteria must be met by a creditor prior to petitioning for an individual’s bankruptcy & what process must they follow?

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What happens to my husband’s / wife’s / partner’s debts when they die?

Managing the estate of an individual who died with debts is a difficult and sensitive process that requires a high level of technical expertise.