Business

You can sometimes buy time for your business using creditors voluntary arrangements or administration, or if there is no choice but to sell off assets there is receivership or liquidation. Creditors prefer 50p in the £ to 1p in the £ so we can often negotiate a settlement that avoids the business being closed or sold.

Individuals

Individuals are sometimes forced into bankruptcy but we can defend that and argue for alternatives, some of which are voluntary settlements and others are government schemes.