Have you been served
with a Bankruptcy Notice?
If you
have been served with a Bankruptcy Notice and need advice then we can
help.
At the
very least it is usually possible to obtain an extension of time for you
to comply with the Bankruptcy Notice so that you can apply to set aside
the Judgment on which the Bankruptcy Notice is based, or enter into an
installment arrangement. It is sometimes possible to have the Bankruptcy
Notice set-aside altogether.
If you are
served with a Bankruptcy Notice and do nothing, then after 21 days you
will be taken to have committed an act of bankruptcy which will then
entitle your creditor to apply to make you bankrupt. It is therefore
important that you take action within the 21 day period.
Has your company been served with a Statutory
Demand?
It is
similarly important that if your company is served with a Statutory Demand
that you take action within 21 days. If you do not take action within that
time your creditor can apply to wind up your company.
There are strict rules about how Statutory
Demands must be drafted. If the Statutory Demand does not observe these
rules then it may be invalid.
If you are
in financial difficulty and are facing bankruptcy or your company is
facing insolvency we can advise you as to your options and represent you
in any court proceedings.