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Personal Insolvency (Personal Repayment Plans)

Recently enacted legislation affords insolvent debtors protection from creditors to provide an opportunity to present proposals (a personal repayment plan) which will become binding on all creditors if agreed bya majority of them.

We can act as insolvency practitioners taking insolvent debtors through the process and assisting in preparing proposals and negotiating with creditors to achieve a better result than bankruptcy.