Individuals facing financial difficulties require expert advice and practical guidance. RG Insolvency will assist with your debt and financial difficulties and provide peace of mind. Click on the services below to find out more.

An IVA is a legally binding agreement between an individual and their creditors. It is often in the best interests of the creditors and can allow an individual to continue in their profession and remain as a director of a company.

The individual proposes an agreement with their creditors, detailing how their debt is to be repaid. The IVA proposal will be based on the level of debt the individual can reasonably afford to pay over a given period and may provide for partial or full repayment.

The IVA requires the approval of at least 75%, in value, of the voting creditors. If approved, the IVA will bind all creditors who were entitled to vote.

RG Insolvency are experienced in providing you with practical advice on proposing a viable IVA, which usually involves a monthly contribution over a given period, typically 5 years.

RG Insolvency will assist you in the preparation of all documents and deal with your creditors directly.

Call us now on 020 3603 7871 to discuss your options

Bankruptcy is one way of dealing with debts you cannot pay and should only be considered as a last resort. The bankruptcy proceeding discharges you from most debts, allowing you to make a fresh start.

Your estate (comprising of your assets) will be vest in a trustee who has a duty to realise any interest you have and distribute the proceeds among your creditors. You will be allowed to keep essentials for living and tools of your trade.

If there is equity in your property, then this is likely to also be realised. Your bank accounts will be frozen and your credit cards stopped. There are a number of restrictions and obligations whilst you are an undischarged bankrupt, including, being unable to practice certain professions, act as a company director and taking further credit.

Any individual can go bankrupt, including individual members of a partnership. You may petition for your own bankruptcy or one of your creditors, owed more than £5,000, can petition to the Court.

RG Insolvency can provide you with expert advice and practical guidance.

Call us now on 020 3603 7871 to discuss your options.

Have you received a Bankruptcy Petition? If so, you will need to act quickly. Here at RG Insolvency we can provide you with quick, concise and clear advice on your options, which may include ways to avoid bankruptcy.

Any one of your creditors, owed more than £5,000, can petition to the Court for your bankruptcy.

RG Insolvency can provide you with expert advice and practical guidance.

Call us now on 020 3603 7871 to discuss your options.

With many thousands of individuals facing bankruptcy or IVA’s,  comes many more creditors having to deal with the various notices and paperwork. Many creditors do not have the time, inclination or staffing expertise to manage these documents. Here at GR Insolvency, we can do this all for you and help to maximise your recoveries from the insolvent individuals.

If you receive notice of an insolvency procedure as a creditor, simply contact us immediately and we will take it from there. The sooner you make contact, the greater the chances of maximising recoveries for you. We will check the status of the insolvency process, see if an Insolvency Practitioner has already been appointed, complete and file all required paperwork, review any proposals made, deal with dividend prospects and payments and provide regular updates.

Call RG Insolvency now on 020 3603 7871.

RG Insolvency can review your debt position and discuss with you the various options available to manage it. The earlier you seek assistance, the more options there are likely to be available to you to help remove or reduce the burden of debt and its effects on you.

RG Insolvency are experienced in providing you with practical advice on dealing with debt.

Call us now on 020 3603 7871 to discuss your options.

RG Insolvency can review your debt position and see if an informal arrangement can be entered into with your creditors. This may be useful where a formal bankruptcy or IVA are not suitable due to your profession or you have a small number of creditors.

RG Insolvency are experienced in providing you with practical advice on dealing with debt.

Call us now on 020 3603 7871 to discuss your options.