- February 10, 2023
- Posted by: Gill Hadley
- Category: Uncategorized
At Faith legal Service I provide all aspects of legal services for Directors and Sole traders looking for solutions for complex situations they may be facing.
Directors wanting to know what their liabilities and obligations are as insolvent directors, to sole traders wanting advice on closing down a business and perhaps using something like a bankruptcy to manage overwhelming debts that have become unmanageable.
Director disqualifications, bankruptcy annulments, setting aside a statutory demand, trustee negotiations, or perhaps dealing with a repossession order made by the lender.
To speak to an insolvency Lawyer today just call me directly
how can we help you?
You can reach us at the office, or alternatively, submit a business inquiry online.
I was facing some uncertainty regarding my bankruptcy and needed advice on what steps to take before moving out of the UK permanently. I reached out to Faith Legal Services, and Sean was incredibly helpful in answering all my questions and addressing my concerns. His kindness and expertise gave me the confidence I needed to move forward with my situation. Thank you, Faith Legal Services, for your excellent service!
The Insolvency Service is pursuing directors and sole traders for bankruptcy restriction orders because they took out a bounce back loan. Faith Legal Services provides low cost defence statements for directors & sole traders being pursued by the insolvency service. If you are facing the possibility of a bankruptcy restriction order, it is crucial toJuly 1, 2023 Read more
If you’re struggling with debt, filing for bankruptcy may seem like a tempting option. However, before you consider this drastic step, it’s important to understand the financial benefits of clearing your debts before a bankruptcy order is granted. Home owners with sufficient equity will find it hard to obtain monies from conventional lenders. We atMarch 23, 2023 Read more
A County Court Judgement is a Court Order for you to pay a debt. It is possible to have a CCJ set aside if you have a good reason. Setting aside a CCJ, cancels the Judgement but does not mean the debt disappears or that any Court action stops. In setting aside a Judgement, thisMarch 9, 2023 Read more
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Creditors may consider serving an statutory demand on the debtor when it is apparent that the debtor is dissatisfied by the delayed payment due to the debtor. Statutory demands are quick, efficient and cost-effective way to collect a debt to a debtor. If debts are over the PS750 threshold the statutory demand is usually used as the
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In the event that one of your creditors filed a winding-up petition You must be quick to stop your business from being liquidated for force. A compulsory liquidation signifies that it will shut the business permanently and will lead to a thorough investigation conducted by the Insolvency Service into your conduct as director. There are ways to
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