Debt is an unfortunate fact of modern life and we regularly work with individuals who are financially distressed to help manage and address debts. We typically see two different types of problems:

Some people are unable to meet the monthly credit payments. Your payments may be in arrears or creditors may be threatening court action. Difficulties in repaying debt can arise from a number of different reasons. Income may be reduced because of redundancy, bereavement or a career change. It may simply be that you have taken on too much credit.

Other people are managing on a day to day basis but have loans secured against property that can never be repaid. It looks as if it will be impossible to earn enough to repay these mountains of debt and, one of these days, the lender is going to demand repayment.

Whatever the reason, the pressure of being in debt can be stifling. The personal insolvency solicitors at MKB Law can help; we offer impartial and confidential advice to enable you to manage and address your debts. We will listen to your problems and offer you a solution that will allow you to get your finances back under control. Our personal insolvency and bankruptcy solicitors can advise you on:

Statutory Demands
Injunctions
Payment Plans
Bankruptcy and Debt Advice
Individual Voluntary Arrangements (IVA)
Bank debt negotiation
House Repossession
Informal arrangements
Challenging Disputed Debt

In respect of bankruptcy proceedings, we can provide you with comprehensive advice to enable you to make an informed decision on how to proceed, advising on the implications for the debtor as well as others close to them (such as a non-bankrupt spouse).

As part of the enforcement actions implemented by creditors, a debtor may find themselves subject to interim and charging orders. Your solicitor will be able to provide guidance on the implications of such actions and, where appropriate, support you in challenging these to ensure your position is protected.