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Personal Insolvency

Personal insolvency comprises both individuals with consumer debt and those acting as sole traders with business related debt.

When an individual cannot pay their debts as and when they fall due and owe a creditor more than £5,000 (£3,000 in Scotland) the creditor can petition through the Court for the individual to be made bankrupt.

Armstrong Watson’s personal insolvency specialists act as Trustees in Bankruptcy following appointment by the Secretary of State in England & Wales and Sequestration Trustees in Scotland.

We have vast experience in realising all forms of assets including simple and complex, and those assets where ownership is in dispute, to maximise recoveries and enable the payment of dividends to creditors as early as possible.

Our team have built a reputation on providing a high quality service through technical expertise and direction to ensure insolvent estates are managed in a cost-effective way.

We also can assist those in financial distress with an Individual Voluntary Arrangement.

If you are a creditor who wishes to take action against an individual, please visit our Creditor Services page to see how our team may be able to assist.

Get in touch for specialist, confidential help and advice

Mike Kienlen

Mike Kienlen

Head of Restructuring & Insolvency

Get in touch with our team

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