FAQs: Debt and insolvency

 

Debt and insolvency is a really big topic with lots of information, all under the same basic premise - that you haven't been able to pay off the money you have borrowed.

You could be an individual borrowing money from the bank for a mortgage of a new venture, or you could be big business borrowing from creditors to finance new projects, but at some point those lenders will decide that if they're not receiving the agreed payments they can recall their loans.

It's at this point that many different options come into play, such as bankruptcy restriction orders (BROs), liquidation, liability etc. We've divided up the area of law into the following categories:

  • Bankruptcy (individuals)
  • Insolvency (companies)
  • General information (such as debt advice)
  • Creditors' information

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