For creditors and individuals concerned with personal insolvency issues, CMB Partners provides innovative and practical solutions. Whether our licensed insolvency practitioners are acting as Trustees in Bankruptcy or the Supervisors of an individual Voluntary Arrangement, CMB Partners sensitive and empathetic approach, coupled with specialist experience and sound commercial reasoning enables creditors to maximise recoveries whilst helping insolvent individuals to find the solution to their financial issues which is right for them as well as for their creditors.
We will always strive to provide impartial advice that ensures any individual or creditor seeking recovery from an individual is aware of their options and the likely outcomes of each; to enable an informed decision to be made on their best route to recovery (personally and financially).
WE ARE HERE TO HELP
Individual Voluntary Arrangements
An IVA is essentially a contract, supervised by a licensed insolvency practitioner, between an individual and his/her creditors to repay a proportion (or the entirety) of their debts over a period of time.
Bankruptcy
The number of bankruptcies in the UK has grown not just due to recessionary factors but also due to the ease with which individuals can obtain credit and petition for their own bankruptcy.
Personal Insolvency
For creditors and individuals concerned with personal insolvency issues, CMB Partners provides innovative, practical and mindful solutions.
Debt Relief Order (‘DRO’)
A debt relief order is a formal personal insolvency process (typically lasting 12 months) designed to assist individuals deal with debt problems when they have limited disposable income, limited assets and a relatively low level of debt.
