Personal insolvency

For creditors and individuals concerned with personal insolvency issues, PwC provides innovative and practical solutions. Whether acting as a Trustee in Bankruptcy or developing an Individual Voluntary Arrangement, our sensitive approach, specialist experience and leading-edge methods enable creditors to maximise recoveries while helping individuals avoid a potentially disastrous slide into bankruptcy.

How we can support you
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Potential issues

• As an individual in financial difficulty you find yourself facing bankruptcy and want some practical advice and help
• As a professional individual you may lose your professional status if made bankrupt and need to look for an alternative solution
• As a creditor you need to manage your exposure to losses
• As a credit manager within a company, you constantly receive notices of creditors meetings regarding bankruptcies and would like someone to evaluate these for you en-bloc at no charge.

How we can support you

• By helping creditors find straightforward and practical solutions for cases of any size
• With leading-edge expertise to minimise costs and maximise recoveries and to encourage the payment of dividends to creditors as early as possible
• Individual Voluntary Arrangements (IVA) avoid the stigma of bankruptcy
• IVA is a confidential process between individual and creditors
• IVA provides a flexible approach to asset realisation and payment schedules
• Through IVA an individual can continue to trade a business and does not face debarment from professional associations.

PwC's personal insolvency services include

• Personal insolvency advice
• Acting as Trustee in Bankruptcy
• Individual Voluntary Arrangements.