signing documents

Bankruptcy

Providing dedicated support

Bankruptcy is a procedure designed to deal with the affairs of an insolvent individual for the benefit of his or her creditors. Bankruptcy is generally administered by a licensed insolvency practitioner who is referred to as a trustee. When a person becomes bankrupt, control of their assets (referred to as their estate), with some exceptions, passes to the trustee. He or she realises them for the best possible value and distributes the proceeds to the bankrupt’s creditors.

Bankruptcy advice

Bailey Ahmad Business Recovery can explain the benefits and consequences of bankruptcy with regards the particular circumstances. We have some relevant articles in our blog that offer some more information on Bankruptcy.

Bailey Ahmad as trustees

We also act as trustees of bankrupt estates to recover assets for the benefit of creditors, and advise debtors who are experiencing practical issues with the trustee of their estate.

If you would like to know more, please call us on 0208 662 6070 for confidential advice.

"Without exception, every case referred to Bailey Ahmad Business Recovery has been handled both with sensitivity and with utmost professionalism"

If you or your clients would like to know more about bankruptcy, please call us on 020 8662 6070 for confidential advice. Or fill out our contact form and a member of our team will respond within 24 hours.

All consultations are confidential, free of charge and without obligation

Paul Bailey and Tommaso Ahmad are licensed insolvency practitioners in the UK and are regulated by the Institute of Chartered Accountants in England & Wales. We are also members of R3 - The Association of Business Recovery Professionals.

Contact Us

+44 (0)20 8662 6070

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