Hull: 01482 337500
Grimsby: 01472 344433
Lincoln: 01522 522430
Voluntary Arrangement satisfies unexpected bankruptcy action
Mr K sought advice from Kingsbridge Corporate Solutions having been declared bankrupt following a petition to the court brought by a domestic creditor.
Mr K was able to pay the debt but a change in his personal circumstances had led him to unintentionally neglect his financial affairs with the resulting consequences. Working alongside Mr K’s solicitor, Kingsbridge quickly established the full extent of Mr K’s financial position. A voluntary arrangement was proposed and accepted with Mr K’s creditors resulting in his bankruptcy being annulled and all creditors being paid in full.