Due to the changing economic climate the frequency of bankruptcy or winding up petitions has increased, however, the stigma that used to be attached to bankruptcy has also changed in that society is beginning to recognise the necessity of bankruptcy to allow individuals to address the issue of their debts and move forwards in their lives.
Bankruptcy or winding up orders can be initiated either by a creditor or the individual/company themselves. GRB Solicitors can assist either in the preparation and filing of documents to seek a bankruptcy or winding up order or in the defending or resisting of such an application. We always advise our clients not to ignore any papers that they are served with and our early intervention in a matter can greatly assist in the process and often avoid a bankruptcy or winding up order being made. We will always advise our clients as to our professional fees and expenses up front so that they have a clear understanding of how much they need to budget for.