Bankruptcy

For some individuals facing debt problems, bankruptcy is the only option for them and offers a clean break to restart their lives.

The process is initiated by either a creditor or the individual themselves, presenting a bankruptcy petition. All of your assets, excluding everyday household goods and any tools of trade, are then placed in the hands of your trustee. The trustee will be the Official Receiver or an Insolvency Practitioner.

Insolvency Practitioners at Oury Clark are often instructed to act as Trustees in Bankruptcy by creditors who are looking to recover assets they consider have not been disclosed or may have been sold at an under-value. Our dedicated investigations team work to trace these assets and recover them for the benefit of creditors.