Translate this site

enzh-CNzh-TW

With the best will in the world sometimes liabilities simply cannot be met and bankruptcy, whether voluntary or not, can be the only answer.

Insolvency exists where a person or a company cannot pay their debts. An insolvency practitioner (IP) is usually appointed as a trustee, with the main purpose of selling all available assets to gather enough funds to pay the creditors.

Types of Insolvency

In Scotland, there are two forms of insolvency. These are sequestration (otherwise known as bankruptcy) and the protected trust deed under the Bankruptcy (Scotland) Act 1985, as amended by the Bankruptcy and Diligence etc. (Scotland) Act 2007.

Whether you are the debtor, the creditor or the trustee we are able to advise on and take the actions necessary to help you through the insolvency process.

Contact our Insolvency Law Expert in Glasgow, David Doig

To find out how our Glasgow insolvency lawyers can help you or to arrange an initial consultation with one of our insolvency solicitors, please complete our online enquiry form or contact us on 0141 248 3456.

Online Enquiry

  1. Name(*)
    Please let us know your name.
  2. Email(*)
    Please let us know your email address.
  3. Daytime Tel. No.
    Please enter your daytime telephone number.
  4. Subject(*)
    Please write a subject for your message.
  1. Message(*)
    Please let us know your message.
  2. Please tick below for antispam verification (*)
    Invalid Input

Latest News

15 April 2018
Commercial
New figures released by UK Finance have revealed a 5% increase in invoice finance and asset-based lending in 2017, taking the total to £23.4 billion at the end of the year. The number of clients using this form of business funding remained stable at ...
10 April 2018
Estate Agency
New research by Bank of Scotland has revealed that homeowners in Scotland pay a fifth (20%) of their disposable income towards their mortgage each month. This proportion has almost halved compared to 2007. ...
15 March 2018
Family Law

A recent study has attempted to answer the question of why divorce is often seen to run in families. 

13 March 2018
Estate Agency
The latest UK Residential Market Survey from the Royal Institution of Chartered Surveyors (RICS) has revealed that housing market activity in Scotland was generally flat in February, as a shortage of properties becoming available for sale continued t...
06 March 2018
Commercial
The latest Business Barometer from Lloyds Bank Commercial Banking has revealed that business confidence – an average of business prospects and economic optimism - in February has slightly decreased from 35% to 33%. However, this remains above the lon...
23 February 2018
Commercial

The UK Government has introduced new laws that it says will protect company directors from identity fraud and personal harm. 

As featured in

Latest Tweets

Connect with us

     

Recent Client Comments