Our personal bankruptcy solicitors have vast experience in all types of bankruptcy cases. We can help you whether you are already in the middle of bankruptcy proceedings, on the verge of declaring bankruptcy yourself, or a creditor is trying to make you bankrupt.
We can provide you with the expert advice and assistance you need to make it through the stressful process, while protecting vital assets such as your family home.
Resisting bankruptcy proceedings
If you are in debt, your creditors must try to obtain payment from you before they can have you made bankrupt.
As such, a creditor’s first option is to serve you with a statutory demand, which is a formal written request for your payment within 21 days. If you do not agree with the statutory demand, you can challenge it in an effort to have it ‘set aside’ – we can help you do so. You have 18 days to challenge a statutory demand once it has been served upon you, so acting fast is crucial.
If you ignore a statutory demand, you can be made bankrupt, because a creditor can then apply for a bankruptcy petition against you with the court, and a bankruptcy hearing will be arranged. Again, if you do not agree with the bankruptcy petition, you can challenge it; this must be done within 5 days of the hearing’s scheduled date.
Talk to Slater Heelis
For help or advice on anything to do with personal insolvency, call our Sale-based office today on 0161 969 3131.