Bankruptcy & Personal Insolvency

Financial distress, insolvency, or bankruptcy can be overwhelming. Having the right legal advice early can make a significant difference.

Issues leading to insolvency or bankruptcy are often stressful for both debtors and creditors. McVeagh Fleming provides clear, practical advice and guides clients through the process as efficiently as possible while working toward the best achievable outcome.

We regularly act for:

• Individuals pursuing payment of a debt
• Secured creditors enforcing securities
• Individuals being pursued for payment

In addition to voluntary and creditor-initiated bankruptcy, alternative options may be available, including Summary Instalment Orders, No Asset Procedures, Compositions, and Proposals.

Compositions involve having a bankruptcy annulled with creditor agreement and court approval. Proposals are similar but may allow a debtor to avoid bankruptcy altogether.

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For business matters, view Litigation & Dispute (Business).