Personal Insolvency
Address financial distress with strategic options like bankruptcy or IVAs. Our professional services uphold your rights while considering creditor interests, guiding you toward stability
Individual Voluntary Arrangement
An Individual Voluntary Arrangement (IVA) is a formal agreement between an individual and their creditors to repay debts over a specified period, often five years. It allows the individual to manage their financial obligations while avoiding bankruptcy. With the support of a licensed insolvency practitioner, an IVA offers a structured path to debt relief by consolidating payments and negotiating more manageable terms with creditors.
Bankruptcy
Bankruptcy is a formal legal process for individuals unable to repay their debts. It involves a court-declared insolvency where a trustee takes control of assets to sell and distribute proceeds to creditors. While it provides debt relief, bankruptcy also carries significant financial and legal implications, including potential asset liquidation and restrictions on financial activities.