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Other Options for Individuals

Which way should I turn?

What else can I do if I’m insolvent?

It might be the case that neither a bankruptcy or an IVA works for you. There are some other options for you to consider. These include:

  • Negotiated agreement with creditors
  • Debt consolidation or reorganisation
  • Debt Management Plan
  • County Court Administration Order (CCAO)
  • Debt Relief Order (DRO)

Bishop Fleming Business Recovery and Insolvency doesn’t deal directly with all of these procedures, but if we think they’re the right direction for you to take, we can put you in touch with one of our partner organisations, who’ll take you the rest of the way.

Your Personal Debt Advice Team

Insolvency News

What is a shadow director?

In the day to day running of a Company, businesses are often overseen by individuals who are not legal directors registered at Companies House. In the Companies Act 2006, a shadow director, in relation to a Company, means a person in accordance with whose directions or instructions the directors of the Company are accustomed to […]

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If my company goes into Liquidation will I lose my home?

Ultimately, it depends! By reversing the question and exploring what position you would need to be in for your home to be at risk, a position is established by which you can consider your own position against. Do you owe money to the Company? As a shareholder and/or a director of a company it is […]

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Other options