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Sometimes where it is not possible or appropriate to have a moratorium
with your creditors through the medium of an individual voluntary arrangement
then bankruptcy may be the right and proper course for you to take as
an individual. Entirely without prejudice and in confidence we will explain
to you in clear and simple terms what your obligations as a bankrupt would
be and we can advise and assist you in the preparation and presentation
of your petition in bankruptcy.
Are you a creditor of a debtor who is proposing an individual voluntary
arrangement or is in bankruptcy?
Individual voluntary arrangements and bankruptcies are legitimate tools
for a debtor to seek relief from their debts but, of course, there can
be unscrupulous people who can seek to take improper advantage of such
procedures. If you find yourself as a creditor in such a position we will
be pleased to consider the position and give you appropriate advice as
to your possible remedies.
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