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Bankruptcy and Insolvency
Forty Four Degrees: Navigating Bankruptcy and Insolvency with Expert Guidance
At Forty Four Degrees, we understand the challenges and complexities associated with debt, bankruptcy, and insolvency. Our experienced team is committed to providing comprehensive legal advice and support to individuals and businesses facing financial difficulties. We ensure that you are fully informed about your options and the consequences of each decision, guiding you towards the best possible outcome.
Understanding Bankruptcy and Insolvency
Guidance for Individuals Struggling with Debt: If you are grappling with personal debt or have been served with a document related to debt, it is crucial to seek legal advice. Our team offers expert guidance in understanding the bankruptcy process, its implications, and alternative debt management options.
Assisting Creditors with Bankruptcy Petitions:
For individuals or entities owed money, bankruptcy can be a method of enforcing that debt. We provide assistance in navigating the legalities of making a bankruptcy petition, ensuring your rights as a creditor are protected.
Exploring Alternatives to Bankruptcy
A Range of Debt Management Solutions: While bankruptcy is a well-known solution for managing debt, it is not the only option. Our experts can discuss alternative approaches with you, helping you find a solution that best suits your circumstances. These consultations can be conducted in person or over the telephone for your convenience.
Insolvency:
Advising on Corporate Insolvency:
Insolvency primarily relates to legal entities such as companies. We provide specialized advice on managing corporate insolvency, including understanding the legal obligations and personal consequences for directors of insolvent companies.
Timely Advice for Directors:
Given the significant personal consequences directors can face in the event of corporate insolvency, timely and informed legal advice is crucial. Our team is here to help you navigate these challenges, offering strategic advice to protect your interests and those of the company.
At Forty Four Degrees, we are dedicated to helping our clients navigate the turbulent waters of bankruptcy and insolvency. Whether you are facing personal financial challenges or dealing with corporate debt issues, our team is equipped with the knowledge and experience to guide you through. We are here to offer you the support and advice you need to make informed decisions and move forward confidently.
Updates in Bankruptcy and Insolvency
Safe Harbour Protection is the exception that allows a company to continue trading when insolvent, but only if certain actions are likely to result in a better outcome for the company than immediate liquidation.
Within the building and construction industry, there is a mechanism for builders and contractors to be paid promptly and without needing to resort to litigation
Our guide provides an outline of the Small Business Restructuring process, including eligibility, costs and how we can assist.
What to do if your builder is in liquidation