We help dismiss bankruptcy petitions and have a strong expertise in this area.
If you are served with a statutory demand and you do not respond or pay the debt within 21 days, your creditor, known as “the petitioning creditor”, can present a bankruptcy petition against you to make you bankrupt. This results in a bankruptcy petition hearing.
We can help you defend a bankruptcy petition and explore the various technical defences you may have. It is important that you arrange representation at your bankruptcy hearing due to the danger of you being declared bankrupt.
You may lose your property and assets if a bankruptcy order is made against you and your bank accounts will be frozen.
The Official Receiver will ask you to attend an interview to investigate your finances and may appoint a trustee in bankruptcy if you are declared bankrupt. This can be an intrusive and stressful process and so expert professional advice should be sought.