If you can’t pay your debts or if what you owe exceeds the value of your assets, then you’re insolvent.
Historically, the only way out would have been bankruptcy, but an Individual Voluntary Arrangement or IVA is an increasingly popular alternative. An IVA is a formal but usually flexible financial arrangement dealing with all of your debts.
It is set up via an Insolvency Practitioner, the precise terms of which requires approval by your creditors. We have assisted with hundreds of IVA’s successfully enabling individuals to variously continue in trade, retain home ownership and act as Company Directors.
As many as 1 in 4 estate agents are showing signs of financial distress due to falling house sales, increased online competition and rises in stamp duty. A recent survey suggests over a quarter of estate agents in the UK are showing signs of financial distress. The number of property sales in the UK have […]
Leading professional services firm, Bishop Fleming, has been awarded Gold status by the independent customer services agency, Investor in Customers (IIC), in its latest survey of clients and people. The firm, which delivers accounting, tax and advisory services to businesses and private wealth advice to individuals, has been recognised for its “exceptional” service to clients […]