Who are we? – Bankruptcy Salisbury

Bankruptcy Salisbury provides a range of bankruptcy services to residents of Salisbury.

Are you looking for a bankruptcy consultant?

Bankruptcy Salisbury has been assisting people in Salisbury with bankruptcy for years now and we have the skills and experience to help you find the ideal solution to your financial troubles. We pride ourselves on our ability to help ordinary, everyday people in Salisbury to turn the daunting bankruptcy procedure into a manageable experience that will help you to build a brighter financial future.  The services offered by Bankruptcy Salisbury can help to make debt resolution simpler and less expensive than you would have thought possible.

Don’t let your debts pile up while your creditors continue to hound you.  Bankruptcy Salisbury is your solution to debt worries. Seek the skilled guidance of our bankruptcy experts today and we will help you to successfully navigate the process of bankruptcy.  Bankruptcy Salisbury will keep your creditors at bay while helping you to find the best course of action to take. Bankruptcy Salisbury values the people of Salisbury like no other bankruptcy practitioner.

You don’t have to approach bankruptcy on your own; our team are ready to help you today.

At Bankruptcy Salisbury, we know how demanding it can be to tackle bankruptcy. However, we also know that doing so is always better than doing nothing, so we make it our objective to work with you in Salisbury to spot issues and handle the financial impact of your bankruptcy to the benefit of all relevant stakeholders and your future commercial dealings.

A debt agreement is an offer to creditors that is permissible under Part IX of the Bankruptcy Act. Bankruptcy Salisbury recommends Part IX Debt Agreements to people who wish to avoid formal bankruptcy and have adequate resources remaining or small enough debts outstanding to facilitate doing so. Debt Agreements are fundamentally an agreement between you and your creditors, wherein your debts will be seen as settled once you have either payed off the full amount in affordable instalments (generally over a 3-5 year time span), or paid one lump-sum that is less than the total amount due but still satisfactory to your creditors (e.g. you might pay 80 cents on each dollar payable). Bankruptcy Salisbury can usually offer inexpensive Part IX Debt Agreements to our clients who are insolvent, but have not previously been bankrupt or subject to similar agreements. Speak to Bankruptcy Salisbury today and find out if you could be eligible for a Part IX Debt Agreement.

Our team of bankruptcy experts can help you to successfully navigate bankruptcy and avoid penalties.

A second option to avoid formal bankruptcy that is potentially accessible to our clients in Salisbury is known as a Personal Insolvency Agreement (PIA). Bankruptcy Salisbury can suggest PIAs under the legislative provisions of Part X of the Bankruptcy Act. Generally, PIAs are for those who have large amounts of debt, but still wish to avoid formal bankruptcy measures. Akin to a Debt Agreement (see above), a PIA will let you pay off your debts in instalments or in a one-off lesser sum. However, as PIAs relate to larger amounts of debt, they necessitate the appointment of a trustee to supervise the arrangement and transfer of assets. Bankruptcy Salisbury will assign an experienced trustee for you and coordinate the terms of settlement that best serve you. There are, however, certain detriments and consequences to PIAs, so before considering entering into one it is imperative that you speak with the competent bankruptcy experts at Bankruptcy Salisbury.

As stated above, occasionally your state of affairs will mean that bankruptcy is inevitable. This is nothing to be alarmed about: bankruptcy is a process to help you, not hurt you. If your monetary troubles do necessitate bankruptcy, we can help to guide you through the bankruptcy process in Salisbury.  Bankruptcy Salisbury can provide a light at the end of the tunnel and ensure your financial future is secured as quickly and affordably as possible.

Get on the path to a brighter financial future today; allow our bankruptcy team to help guide you through the bankruptcy declaration process.