Debt and insolvency

Many people are adversely affected by debt, in fact there are very few people who don’t have some form of debt. However, this can range from a credit card debt or a managed debt to a bank, for example in the shape of a mortgage on a property, through to the legally declared inability of either a person or a company to pay the money loaned to them. We have placed this latter scenario into two main categories:

  • Bankruptcy
  • Commercial Insolvency

Bankruptcy tends to refer to individuals or partnerships, whilst insolvency tends to refer to companies and corporations. Within these links you will find further explanations of the two scenarios, the people involved and the advantages and disadvantages of different courses of action.

We also have links to more general information which includes explaining the various solutions to debt for both creditors and debtors, and information about bailiffs.

Call us for free on 0800 533 5787 or use the web-form to the right to speak to an advisor who can put you in touch with the right solicitor for your needs.

Important information

For [selected AoL] law, solicitors will charge a minimum fee of £250 to provide an initial consultation and written opinion on your case. We have a number of recommended law firms in our network who could provide this service to you at the most competitive price. If you would like to proceed, click ‘Paid advice’ below and one of our advisors will call you on a free-of-charge basis to discuss this further with you.