/en-gb/services/restructuring-advisory/insolvency-advice/personal-insolvency /-/media/feature/services/restructuring-advisory-kroll-uk/personal-insolvency-desktop-banner.jpg service

We understand that personal financial difficulties are stressful and difficult to manage for both individuals and their creditors. They impact on all aspects of life and can quickly escalate if not dealt with effectively and appropriately.

Our dedicated team of specialists are available to provide advice, guidance and support to all stakeholders.

What are the formal personal insolvency processes that we can assist with?


How We Can Assist Creditors

Bankruptcy is often the option of last resort in relation to debt recovery.

In many situations however it can be a valuable and effective procedure to repay creditors.

Our team of specialist advisors are able to utilize the extensive powers afforded to a Trustee in Bankruptcy to investigate the debtor’s complete financial circumstances, recover assets and maximize returns to creditors.

We are frequently instructed in situations where the debtor has transferred assets or sought to mask their true financial position or place assets beyond the reach of creditors-contentious insolvency situations.

With the support of our colleagues in Forensic Investigations and Intelligence, we are well placed to trace, protect, and recover assets for the benefit of the estate, both in the UK and overseas.

All bankruptcy cases are Trustee led, with the assistance of a senior team of experienced professionals. We endeavour to provide prompt, inciteful reporting to creditors that explains the prospects of recovery in clear concise terms

What Other Assistance Can We Provide?

  • In-house training and support
  • Pre-action asset recovery reports
  • Reviews and recommendations in relation to voluntary arrangement proposals
  • Recovery advice and support in relation to debt ledgers/personal guarantee portfolios


Voluntary Arrangements

A Voluntary Arrangement is a legally binding agreement between a debtor and creditors.

It is often used as a procedure to avoid bankruptcy and provide creditors with an optimized return.

There is no set duration and the basis of a proposal can take many forms such as monthly contributions over a set time frame, sale of property or third-party lump sum payments. It depends on what assets are available and whether the general body of creditors are inclined to support the offer.

In our experience for a voluntary arrangement to be successful both debtor and creditors need to be incentivized. Our specialists are available to explain the process, discuss the alternatives and advise what is likely to be acceptable to creditors.

A voluntary arrangement can be proposed by an Individual (IVA), a Partnership (PVA) or a Company (CVA).

Our experts available to offer advice to based on your unique set of circumstances.

Insolvent Deceased Estates

When a person dies and their estate is insolvent the Executor may not want to deal with the estate for fear of personal liability.

We find that this can often leave an estate in limbo.

A creditor of a deceased estate will still require payment.

An Insolvency Administration Order means that the administration of the estate is dealt with by a Trustee.

Why Kroll
  • We are responsive, proactive, and professional.
  • We have experience in dealing with a wide variety of businesses professions and circumstances.
  • Our dedicated, personalized services develop and maintain strong client relationships
  • We are approachable and accessible.
  • We have effective synergistic relationships with colleagues who can assist in all aspects of our work both nationally and internationally.

Connect with us

Joanne Wright
Managing Director

How we can help

Debt Solutions

Debt Solutions include Individual Voluntary Arrangement, Debt Management Plan, Debt Relief Order and Bankruptcy.

Cash Flow Management

Lender and Creditor Management

Kroll can help you and your business manage the relationship between your creditors and lenders.

Customer and Supplier Disputes Management

Kroll helps companies resolve disputes with their customers and suppliers.

Accessing Capital

Business Transformation

HMRC Tax Arrears Solutions

Kroll has significant experience in negotiating the best possible package of support from HMRC.


Personal Guarantees - Worth It or Worthless?

Feb 19, 2021

by Joanne Wright


The End of UK Insolvency Restrictions

Nov 01, 2021

by Paul ReevesJoanne Wright


Unregulated Investment Schemes Remain a Threat to Investors

Jul 27, 2021

by Rob GoodhewBen Boorer


Cryptocurrency – Fools’ Gold?

Jul 27, 2021

by Rob Armstrong Jen Harrison


Joanne Wright Discusses the Significant Rise in Individual Voluntary Arrangements After the COVID Pandemic

Apr 13, 2022