Best Bankruptcy Lawyers in United Kingdom

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CKE Law
Manchester, United Kingdom

Founded in 2015
10 people in their team
English
Since 2015, we have provided exceptional, client-focused legal advice and support that is affordable for both individuals and businesses. We are renowned worldwide for our attention to detail and our exceptionally high standards, regardless of the nature or value of the case.Our OfficesOur...
Henriques Griffiths LLP - Bristol
Bristol, United Kingdom

Founded in 1973
50 people in their team
English
About UsHenriques Griffiths was established in Bristol in 1973. Today, we have two offices that service business and individual clients across England and Wales.We like tradition; and we like new. Our firm has grown because of a reputation founded on many years of working within our local and wider...
Oakwood Solicitors
Leeds, United Kingdom

Founded in 2001
200 people in their team
English
Established in 2001, Oakwood Solicitors has steadily grown from a local solicitor specialising in personal injury claims, to a multi-service law firm based in the heart of Oakwood, North Leeds.We are proud to be part of the beautiful Oakwood community, on the edge of the locally-renowned Roundhay...
Levi Solicitors LLP
Leeds, United Kingdom

Founded in 1934
200 people in their team
English
About UsLevi Solicitors was founded in 1934 by Jack Levi with the aim of representing ordinary, working people. While times have since changed, our aims have not.Why Choose Us?Levi Solicitors was founded in 1934 by Jack Levi with the aim of representing ordinary, working people....

Founded in 1763
200 people in their team
English
About Sydney Mitchell SolicitorsSydney Mitchell Solicitors was founded around 1763 by Richard Chattock. 250 years on, the firm is still providing legal solutions to people and businesses throughout the West Midlands and the UK.Solicitors in Birmingham & Solihull UKBased in the heart of the...
L E Law Solicitors
London, United Kingdom

Founded in 2000
10 people in their team
English
About UsWhy are we different?We always make the need for excellent, yet affordable, service to our clients our priority.We pride ourselves on being flexible wherever possible to help our clients. For example we offerAppointments in the home, hospital or workplaceCommunication by letter, fax, email,...
Taylor Emmet Solicitors (Sheffield)
Sheffield, United Kingdom

Founded in 1865
500 people in their team
English
Let's talk about usTaylor Emmet has served people and businesses for more than 150 years and is the largest independent firm in the Sheffield City Region.Built on long-lasting relationships, Taylor Emmet is a trusted firm with a reputation for being approachable, experienced, and able to get the...
Summerfield Browne Solicitors
Leicester, United Kingdom

Founded in 2014
9 people in their team
English
Summerfield Browne Solicitors are commercial and private client solicitors authorised and regulated by the Solicitors Regulation Authority. SRA number 598802. We are a modern and progressive law firm, and operate a new legal services business model, which significantly reduces our overheads, and...
Guy Williams Layton Solicitors
Liverpool, United Kingdom

Founded in 1867
50 people in their team
English
Guy Williams Layton is the successful union of several highly respected firms that have been providing legal services throughout the North West for many years.   We currently have offices in Liverpool City Centre and at Heswall on the Wirral.We firmly believe that our size allows us to be...
Raeside Chisholm Solicitors Limited
Glasgow, United Kingdom

Founded in 2000
50 people in their team
About UsThe directors of Raeside Chisholm are experienced solicitors who enjoy a deserved reputation in Glasgow and beyond for personal attention allied to a commitment to outstanding levels of quality legal services.Lawyers in Glasgow City CentreOur expert solicitors with skills across a wide...
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About Bankruptcy Law in United Kingdom:

Bankruptcy in the United Kingdom is a legal process that allows individuals or businesses who are unable to repay their debts to have their assets liquidated to pay off their creditors. It is often seen as a last resort for those in financial distress, as it can have long-lasting implications on one's financial future.

Why You May Need a Lawyer:

It is advisable to seek legal advice from a lawyer when considering bankruptcy to ensure you understand the process, your rights, and your responsibilities. A lawyer can help you navigate the complex legal system, protect your interests, and ensure that you meet all the necessary requirements under the law.

Local Laws Overview:

In the United Kingdom, bankruptcy is governed by the Insolvency Act 1986. The process can vary slightly depending on whether you are filing for bankruptcy as an individual or as a business. Bankruptcy typically lasts for a period of one year, during which your assets may be sold to repay your creditors.

Frequently Asked Questions:

1. What are the eligibility criteria for filing for bankruptcy in the UK?

To file for bankruptcy in the UK, you must reside or carry on business in England, Wales, or Northern Ireland. You must also have debts that you are unable to repay.

2. Will all of my debts be discharged in bankruptcy?

Not all debts are automatically discharged in bankruptcy. Certain debts, such as student loans, court fines, and child support payments, may not be included in the bankruptcy discharge.

3. How will bankruptcy affect my credit score?

Bankruptcy will negatively impact your credit score and remain on your credit report for up to six years. This can make it difficult to obtain credit in the future.

4. Can I keep any assets in bankruptcy?

Some assets may be exempt from bankruptcy, such as necessary household items and tools of the trade. It is important to discuss your specific assets with a lawyer.

5. Can I file for bankruptcy more than once?

Yes, it is possible to file for bankruptcy more than once, but there are restrictions on when you can file again and how long the bankruptcy will last.

6. Will I lose my home in bankruptcy?

It is possible to lose your home in bankruptcy if it is considered an asset that can be sold to repay your debts. However, there are protections in place for your primary residence.

7. What is the role of the Official Receiver in bankruptcy?

The Official Receiver is a government official who oversees bankruptcy cases and may act as the trustee in administering your bankruptcy estate.

8. How long does the bankruptcy process take?

Bankruptcy typically lasts for a period of one year, during which your assets may be sold to repay your creditors. However, the process can vary depending on the complexity of your case.

9. What happens after bankruptcy is discharged?

Once your bankruptcy is discharged, you will be released from your debts and can start to rebuild your financial future. However, it may take time to improve your credit score and access credit again.

10. How can a lawyer help me with bankruptcy?

A lawyer can help you understand your options, prepare and file the necessary paperwork, represent you in court proceedings, and ensure that your rights are protected throughout the bankruptcy process.

Additional Resources:

For more information on bankruptcy in the UK, you can visit the Insolvency Service website or contact a local Citizens Advice Bureau for free advice and guidance.

Next Steps:

If you are considering filing for bankruptcy in the UK, it is important to seek legal advice from a qualified lawyer who specializes in bankruptcy law. They can help you understand your options, navigate the legal process, and protect your rights throughout the bankruptcy proceedings.

Lawzana helps you find the best lawyers and law firms in United Kingdom through a curated and pre-screened list of qualified legal professionals. Our platform offers rankings and detailed profiles of attorneys and law firms, allowing you to compare based on practice areas, including Bankruptcy, experience, and client feedback. Each profile includes a description of the firm's areas of practice, client reviews, team members and partners, year of establishment, spoken languages, office locations, contact information, social media presence, and any published articles or resources. Most firms on our platform speak English and are experienced in both local and international legal matters. Get a quote from top-rated law firms in United Kingdom - quickly, securely, and without unnecessary hassle.

Disclaimer:
The information provided on this page is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and relevance of the content, legal information may change over time, and interpretations of the law can vary. You should always consult with a qualified legal professional for advice specific to your situation. We disclaim all liability for actions taken or not taken based on the content of this page. If you believe any information is incorrect or outdated, please contact us, and we will review and update it where appropriate.