Our Civil Litigation Solicitors in Nottingham and Nottinghamshire regularly advise on disputes arising from personal insolvency, including bankruptcy, Individual Voluntary Arrangements (IVAs), and Debt Relief Orders.

Leading Civil Litigation Practice

We are one of the most successful and busiest civil litigation practices in the region. Handling insolvency-related disputes can be extremely stressful, as you may face uncertainty about payments. Whether you are dealing with personal bankruptcy or concerns about keeping your home and income, we use our expertise to devise a winning strategy to settle disputes quickly and cost-effectively.

Comprehensive Legal Support

We are a diverse, multilingual law firm using top-tier technology to deliver effective civil litigation advice and representation. Our many years of experience have earned us a robust reputation for excellence with the UK’s best barristers and Queen’s Counsel, forensic accountants, insolvency professionals, and budget advisors.

Common Questions About Insolvency Disputes

What is bankruptcy?

Bankruptcy can be declared if a person cannot pay their debts or breaches an IVA. Both voluntary applications and creditor applications (for debts over £5,000) can lead to bankruptcy. This process has severe consequences, including asset liquidation by a Trustee to pay creditors, income payment obligations for three years, and long-term reputational damage.

How does an Individual Voluntary Arrangement (IVA) work?

An IVA is an alternative to bankruptcy, involving a contract between the debtor and their unsecured creditors. This contract could settle debts either by paying a proportion as a full settlement or by arranging payments over time, possibly involving asset control or trust arrangements.

Will I lose my home if I am declared bankrupt?

In bankruptcy, the Official Receiver may sell your home to pay creditors. You might avoid this by selling your beneficial interest in the property to a family member. Early legal advice is crucial to exploring your options.

Why Choose Us?

People choose and recommend us for our results, often settling disputes outside of court. Our solicitors provide comprehensive care, ensuring you understand all available options to protect your interests. We swiftly get to the heart of insolvency disputes and recommend the best resolution process, leveraging our expertise and technology to keep you informed and achieve favourable outcomes.

Smalleys Solicitors provides exceptional Insolvency Disputes (Bankruptcy) and Civil Litigation services to clients. People choose and recommend us not just in Nottingham, Arnold, Hucknall, Derby and Mansfield, but across Nottinghamshire, Derbyshire, Leicestershire & the East Midlands, and the whole of the UK, because we get results.

To receive expert advice and representation regarding Insolvency Disputes (Bankruptcy) and Civil Litigation, please contact us using the form below, call us on (0115) 955 6555, email via the Request a Callback form on this contact page.