We offer personal insolvency and personal bankruptcy advice and assistance from our specialist licensed insolvency practitioners.
Recent trends have seen a large number of personal bankruptcies in the UK and, sadly, this is true in the Manchester area. This is largely due to the ease with which individuals have been able to obtain credit coupled with the ability to petition for your own personal bankruptcy, thereby allowing you 'freedom' from your debts within a year. However, bankruptcy can be more complicated than some may assume, especially when the debtor has assets.
Personal insolvency advice and assistance in Manchester
We can provide advice and assistance to individuals concerned with personal insolvency issues in the Manchester area. Whether acting as a Trustee in personal bankruptcy or preparing an Individual Voluntary Arrangement, our specialist experience can enable us to find a solution for you where the return to creditors can be maximised. We can also assist individuals avoid a potentially disastrous slide into bankruptcy.
Personal Insolvency and Bankruptcy services
We have experience of dealing with all kinds of personal insolvency and bankruptcy issues. Our specialist licensed insolvency practitioners can provide you with help and advice aimed, wherever possible, at avoiding formal insolvency.
Personal Bankruptcy Consultancy in Manchester
- With specialist personal bankruptcy knowledge allied to our long standing relationships with experienced solicitors and agents within Manchester, we will work together to minimise costs and maximise recoveries and to pay dividends to creditors as early as possible.
- We will investigate individuals who claim to have no assets and have secreted their assets elsewhere in the hope that they will not be realised
- We can assist individuals with properties where a Trustee in Bankruptcy has been appointed by the Protracted Realisations Unit (PRU) - often the problem can be resolved through negotiation - we have worked on both sides in these cases and are experienced in the best way to resolve them
Individual Voluntary Arrangements (IVA)
- An IVA allows you to pay all or part of your debts over an agreed period, so avoiding the need to enter into bankruptcy.
- IVAs avoid the stigma of bankruptcy, to preserve professional status or preserve a business
- IVAs provide a flexible approach to asset realisation and payment schedules
- Through an IVA an individual can continue to trade a business and does not face debarment from professional associations
The next step
To find out more about our personal insolvency and personal bankruptcy consultancy services, please contact one of our licensed insolvency practitioners.
The earlier a financial crisis is identified and address, the better the outcome.
Andrew Andronikou and Peter Kubik were appointed as Joint Administrators to Convers Sport Initiative plc (CSI).
HMRC was responsible for 58% of all the petitions submitted over the last year to wind-up companies compared to just 43% in the previous year, reveals research by UHY Hacker Young. 
Our Joint Administrators Andrew Andronikou, Peter Kubik and Michael Kiely have issued their Six Month Report to Creditors, in accordance with R2.47 Insolvency Rules 1986.
In accordance with Paragraph 51 of Schedule B1 of the Insolvency Act 1986, a creditors’ meeting has been convened at Portsmouth City Football Club on 6th May at 11am. The meeting is restricted to creditors and their representatives only.
Our Manchester office has been appointed receivers of Brookside Close, the legendary Liverpool cud-de-sac where the popular Channel 4 soap opera Brookside was filmed until 2003.
Andrew Andronikou and Peter Kubik, Partners at our London office Turnaround and Recovery Department have been appointed administrators of the assets of Butler and Tanner Printers Ltd.
Select Retail, the national women’s fashion retailer, was placed into Administration on Friday 22nd February 2008, against a backdrop of its deteriorating trading performance in the first quarter of 2008. Our Turnaround and Recovery specialists moved quickly to evaluate the business and negotiate the sale of approximately half of the 250 retail units to a management buy-out team. 
