The Residence Nil Rate Band (RNRB) enables certain individuals to leave more of their estate to their direct descendants, by increasing the amount of the estate that is taxed at 0% from up to £325,000 to up to £500,000 Rules that allow these...
Our insolvency team works closely with our Dispute Resolution & Litigation team in advising creditors on the recovery of money from debtors and which may include the commencement of bankruptcy or winding-up proceedings or working with the office holder where formal insolvency proceedings have begun.
We regularly advise individuals who have been served with a statutory demand or a bankruptcy petition and who need advice on their options and what steps they should take.
We also act for individuals who are considering their options with regards to their financial position and we can assess what, if any, insolvency route is appropriate. We can undertake informal negotiations with creditors or advise on a more formal insolvency process. We work closely with insolvency practitioners who can assist on an IVA proposal or voluntary bankruptcy process if appropriate.
Whether you are a creditor or a debtor, you can be assured that our insolvency team will provide a high quality service and we will deal with your matter in a professional and expedient manner. If formal insolvency proceedings have been or will be commenced, you can be assured that our lawyers will provide a robust and vigorous representation of your case to achieve the best outcome for you.
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