Personal Insolvency & Bankruptcy Solicitors

Our Services

Financial difficulty takes many forms, and the right solution depends on your unique circumstances. We provide expert advice and representation across all aspects of bankruptcy and insolvency, including:

Bankruptcy applications and proceedings: We guide you through the bankruptcy process, explaining what it means for your assets, credit rating, and future. If bankruptcy is the right option, we’ll handle the application and represent you throughout. If there’s a better route, we’ll tell you honestly. 

Individual Voluntary Arrangements (IVAs): An IVA can give you breathing space from creditors while you repay debts at a manageable rate over time.We’ll assess whether you qualify, negotiate terms with creditors, and make sure the arrangement works in your favour.

Debt Relief Orders (DROs): For those with lower levels of debt and minimal assets, a DRO could be a simpler and less costly alternative than bankruptcy. We’ll check if you’re eligible and guide you through the application.  

Creditor Negotiations and Disputes: When creditors are pushing hard for payment, we negotiate on your behalf to reach manageable agreements, challenge unfair demands, and protect you from aggressive recovery tactics.

Director and Company Insolvency Advice: If you’re a director facing company insolvency, we advise on your legal duties, potential personal liability, and the implications for any personal guarantees you’ve given.

Bankruptcy Restrictions and Annulment: If you’re subject to bankruptcy restrictions or want to challenge a bankruptcy order, we provide expert representation to protect your position and restore your financial freedom where we can.

Insolvency disputes and litigation: Whether you’re challenging a creditor’s claim, defending against bankruptcy petitions, or dealing with trustee disputes, we provide strong legal representation.

How the Bankruptcy and Insolvency Process Works

Understanding what happens next can ease some of the anxiety around financial difficulty. Here’s what you can typically expect when you work with our insolvency solicitors:

1. Initial consultation: We’ll sit down with you (or speak by phone or video) and go through your financial situation in complete confidence. There’s no obligation to proceed, and no judgement, just honest advice about your options.
2. Clear advice on your best route forward: Based on your circumstances, we’ll recommend whether bankruptcy, an IVA, DRO, or creditor negotiation is most appropriate. We’ll explain the pros and cons of each option honestly, including the impact on your home, employment, and credit rating.
3. Preparation and application: Once you’ve decided how you want to proceed, the best course of action, we prepare all necessary documentation, liaise with the official receiver or insolvency practitioner, and make sure everything is submitted correctly first time to avoid delays.
4. Creditor negotiations and court representation: We deal with creditors directly, negotiate payment terms where possible, and represent you at any court hearings or creditor meetings. You won’t face this alone.
5. Ongoing support and guidance: Throughout bankruptcy proceedings (typically 12 months) or IVA arrangements (usually 5-6 years), we’re here to answer questions, handle any issues that arise, and ensure you understand your obligations.
6. Moving forward after insolvency: Once bankruptcy is discharged or your IVA is completed, we advise on rebuilding your credit, removing restrictions, and getting back on track financially.

From experience, we know that people often wait too long before seeking advice, making their situation more difficult than it needs to be. The earlier we can help, the more options you’ll typically have available.

Why Choose Farleys Bankruptcy and Insolvency Solicitors

Specialist Insolvency Expertise: Our team includes qualified solicitors with decades of combined experience in bankruptcy and debt matters. We stay current with changes in insolvency law and procedures to give you the most effective advice.

Straight-Talking, No Legal Jargon Approach:  We won’t baffle you with legal terminology or soften difficult truths. You’ll always know exactly where you stand and what your options are. Honest advice, clearly explained.

A Human Approach: Behind every insolvency case is a person or family under enormous stress. We treat you with dignity and understanding, never judgment. Many of our clients tell us that having someone in their corner made all the difference to getting through a difficult time.

Comprehensive Debt and Insolvency Services: Whether you’re facing personal bankruptcy, dealing with business insolvency as a director, or negotiating with aggressive creditors, we handle all aspects under one roof. You won’t be passed between different firms or specialists.

Proven Track Record of Successful Outcomes: We’ve successfully negotiated countless IVAs, guided clients through bankruptcy with minimal disruption, and challenged unfair creditor actions. Our approach combines legal expertise with practical problem-solving to get the best possible result for your circumstances.