Insolvency solicitors advise individuals and companies on bankruptcy, individual voluntary arrangements, administration, liquidation and creditor claims.
This page lists every debt and insolvency firm in the LegalChoice directory. All are regulated by the Solicitors Regulation Authority and show their SRA numbers, so you can verify any firm before instructing. Creditor deadlines run in days, not weeks, so send one free enquiry describing your position and it reaches every insolvency firm covering your county at once — whether you are an individual weighing an IVA or a director protecting a company.
Found 1 solicitor handling Debt & Insolvency.
Nexa Law Limited is a law firm practising primarily in commercial & corporate, wills, probate & estate planning, family law & divorce and debt & insolvency, offering a tailored service shaped around each client's needs. The firm handles both straightforward and complex cases with a practical, client-focused approach.
Maes Y Clawdd Maesbury Road Industrial Estate
Llanrhaeadr ym Mochnant · Powys · SY10 8NN
SRA no. 633024
Common questions
Useful answers before you choose a solicitor.
Both deal with debts you cannot repay, but an IVA is a negotiated agreement to repay what you can afford over five or six years, usually protecting your home, while bankruptcy writes the debts off but puts assets including any equity in your home at risk. Which is better depends on your assets, income and debts, which is why tailored advice matters.
Normally the company is a separate legal person and directors are protected, but the protection disappears when the rules are broken. Wrongful or fraudulent trading, paying preference creditors, disposing of assets below value and breaching directors' duties can all create personal liability, personal guarantees and disqualification.
A statutory demand is the formal precursor to a bankruptcy or winding-up petition, giving you twenty-one days to pay or reach an arrangement, or eighteen days to apply to set it aside on proper grounds. Ignoring it lets the creditor petition for your bankruptcy or the company's liquidation, so legal advice within days is essential.
Often, yes. The sequence that works is a proper letter before action, then the court's pre-action protocol, then a claim if needed, because most debtors settle once the process becomes real. Interest and fixed costs usually follow the debt, and a judgment opens stronger enforcement such as bailiffs and charging orders.