Bankruptcy & Insolvency Solicitors

Bankruptcy related matters

The threat and consequences of bankruptcy are serious and the situation can be very worrying.

We explain:

When bankruptcy can be avoided
What happens to you during bankruptcy
How bankruptcy comes to an end
What happens after bankruptcy
Other legal issues that arise in connection with bankruptcy

Bankruptcy places serious and significant restrictions on an individual, their assets (including their property). Failure to comply with the bankruptcy related restrictions can lead to action being taken against you. Information relating to the rules and procedures of the law of bankruptcy as it affects people in financial difficulty are contained throughout the site.

Company insolvency related matters

Companies that are facing insolvency owing to financial difficulties should consider the serious ramifications of the same, on both the company, its directors, and creditors of the company.

We explain:

What steps you can take to try and recover a debt owed to you by a company, including how to serve a statutory demand or present a winding up petition;
What happens when a company is served with a statutory demand and how to challenge this;
What happens if a winding up petition is presented, how it might be challenged and its consequences;
What to do if a bank freezes the company’s account, what a Validation Order is and how to apply for one;
How we can help directors who are facing, or being threatened with, director disqualification proceedings;
How we can help directors facing claims by the Insolvency Service and/or Liquidators, including claims for misfeasance, wrongful trading, preferential treatment of creditors, claims resulting from overdrawn directors’ loan accounts and other antecedent transactions.

The purpose of insolvency action is for an appointed insolvency practitioner to collect in the company’s assets (including taking any necessary action against directors or other potential parties to increase the company’s assets), to sell these assets in order to create a pool of money available to distribute amongst the creditors in accordance with a statutory hierarchy.

For creditors

If someone owes you money and have failed to make payment that can lead to financial and cash flow difficulties for you or your business.

We explain:

What steps you can take in recovery of a debt
How to make someone bankrupt
What happens to the money owed to you
What steps a trustee in bankruptcy or liquidator may be able to take on behalf of creditors

The purpose of bankruptcy is to recover money and other assets available to pay off the debts of the bankrupt, and the law provides a framework for this process. Information relating to the rules and procedures of the law of bankruptcy as it affects people owed money by people in financial difficulty are contained throughout the site.

Mr K

“My thanks to Bimal for all his efforts with the misfeasance claim. He handled it in an expert manner and was very helpful from start to finish in explaining the laws around this, providing sound advice, and helping me navigate through a particularly difficult and stressful situation. He will forever have my gratitude for this”

Mr P

“Thank you for your support Adina-Leigh, and your patience with this case and the parties involved. I will certainly keep your contact details and it has always been a pleasure to work with you despite the challenging situation”

SDDS

“What I mostly appreciated was how fast and efficient the case was solved by Adina”

Lyn

“We have received excellent service from Grant Saw Solicitors. Both Kalpa Prajapati, for Wills and LPAs, and Adina-Leigh Collins for a litigation issue, could not have been more approachable and helpful. They provided exactly the kind of personal service that we were seeking”

Mr M

“As the owner of a company which deals with the public and clients directly, I am very conscious of how to respectfully discuss and agree points of marketing and property law. Therefore it came as a pleasure to instruct Adina-Leigh Collins who had similar views which proved to be so very successful. I shall always be grateful to her for the calm persistence, expertise and foresight in handling the essential timing of legal matters. Adina-Leigh has been a delight to deal with”.

Ms P

“Thank you very much for your time and advice, it was greatly appreciated”

Mrs H

“I wish we had have been in a position to use your services earlier. We could not have been happier with the representation we had”

Mrs S

“Thank you for all your help, time and advice on resolving my case. I was particularly struck by your last email and all your efforts in getting to this final hurdle. It was really impressive and a big relief!!”

JB

“Bimal is excellent. Have had the benefit of his expertise for a private matter. He’s very thorough. Highly recommend”

AM

“I was happy with professionalism and humanity received from my solicitor, Bimal Kotecha. He was diligent and thorough and I would go to him again for advice if needed”

OF & MF

“Thank you for all your hard work, and persistence over the last 18 months, we have really appreciated your patience and understanding”

Mr S & Ms C

“Bimal, thank you for everything. It’s been a difficult four years but we got there. Your hard work and professionalism is greatly appreciated”

Mr & Mrs H

“Thank you so much for the excellent service. If I or anyone I know needs a litigation solicitor I will have no hesitation to recommend”

Mr S

“So happy this is now finished. Thank you so much for everything you have done for me, will highly recommend you to others”

Mr H

“Bimal – thank you for all your help, couldn’t have done it without Grant Saw”

Mr L

“Thank you for the excellent and efficient service that I have received, as usual, from Grant Saw”

Mr AS

“I appreciate all the support you have given us and found your advice to be very valuable. Thank you for all the support and I look forward to using your services again in the future”

Nicolas

“How refreshing to come across a compassionate and honest solicitors firm. I spoke to Bimal purely by chance having found their number on Google on a bankruptcy petition matter. He took the time to explain to my what my options were on the phone. Although I did not appoint grant saw, I shall be using them in the future”

Stephanie

“Thank you so much for this – now I can fully relax about the house and properly grieve for my uncle. Many thanks to you and Maleeha for all of your help and support. The whole thing was very stressful and upsetting and, Bimal, you were an absolute rock for me”

Articles

Thinking of annulling your bankruptcy? Apply promptly!

May 14, 2025

Our specialist insolvency lawyers regularly assist clients in applying to the court for annulment of their bankruptcy order. A common source of frustration they encounter is the debtor leaving it too long before considering an application for annulment. In this...

Bounce Back Loans – 5 years on

Mar 19, 2025

Article written by Adina-Leigh Collins What is a Bounce Back Loan (“BBL”)? The UK government introduced Bounce Back Loans in 2020 to support businesses during the COVID-19 pandemic. These loans were designed to help businesses with their ‘economic needs’. A business...

Those bankrupted owing to the Post Office Scandal get to keep their compensation

Jul 22, 2024

Article written by Bimal Kotecha, Litigation Solicitor The Court in the case of Secretary of State for Business and Trade v Abdulali & Anor [2024] EWHC 1722 (Ch) has confirmed that those bankrupted as a result of the Post Office Scandal will get to keep their...

Eight-month jail sentence for bankrupt hiding property from trustees

Nov 8, 2022

Update from Adina-Leigh Collins, Solicitor, Litigation department A bankrupt individual from Leamington Spa has been jailed for eight months after he failed to disclose a rental property to his trustees. The individual was made bankrupt in August 2017, with debts of...

I have been served with a Bankruptcy Petition, what do I do?

Sep 28, 2022

Update from Adina-Leigh Collins, Solicitor, Litigation department What is a Bankruptcy Petition? A bankruptcy petition, put simply, is a petition to the Court to ask for a bankruptcy order against an individual and is usually presented on the grounds that the debtor...

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This website is provided by Grant Saw Solicitors LLP and gives information about the legal processes and issues involved in bankruptcy and company insolvency both from the point of view of individuals or the business in financial difficulty and creditors seeking to recover money due to them. Our experienced solicitors can offer you a clear approach to your case to help you understand all the relevant considerations and set your objectives. We can tailor our services to meet the needs of each individual case and provide accessible and affordable high quality legal advice to all our clients.