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Personal Insolvency

Bankruptcy Solicitors in Bromley

Bankruptcy is sometimes the right answer — and sometimes not. Our Bromley bankruptcy solicitors help individuals understand the options and the consequences before deciding.

Options for individuals in financial difficulty

  • Bankruptcy (your own petition)
  • Defending or annulling creditor petitions
  • Individual Voluntary Arrangements (IVAs)
  • Debt Relief Orders (for very small estates with low income)
  • Negotiated settlements with creditors
  • Statutory demand challenges

Consequences of bankruptcy

Bankruptcy clears most debts but has serious consequences — surrender of certain assets to the trustee, restrictions on credit and certain professions, an entry on the Insolvency Register, and impact on housing. We make sure you understand the full picture before you petition.

Frequently asked questions

How long does bankruptcy last?

Most bankruptcies are discharged automatically after 12 months. The bankrupt's estate vests in a trustee who deals with assets. Some restrictions can be extended (Bankruptcy Restrictions Orders) where the bankrupt's conduct has been blameworthy.

Are you SRA-regulated?

Yes. Legal services are provided by [Firm Name], authorised and regulated by the Solicitors Regulation Authority under SRA No. [SRA Number]. You can verify our regulation on the SRA register at sra.org.uk.

Do you offer a free initial enquiry?

Yes. We offer a free initial enquiry by phone or via our online form so we can understand your matter, explain how we can help, and outline likely costs before you commit. Please call [Phone Number] or use the enquiry form on this page.

How much will it cost?

It depends on the complexity of your matter. Where possible we work on fixed fees; otherwise we give you a clear written estimate at the outset and tell you straight away if anything changes. We will never present you with an unexpected bill.

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Speak with a Bromley solicitor today

Confidential, practical legal advice from local solicitors who know the area.