The Cromwell Seymour Group Ltd represents a coming together of over 20 years of experience within the insolvency industry with a personal touch. Independent of the obligation to your creditors, we will advise you on your individual position as a Company Director. Our experience of supporting more than 500 clients through pre-& post-appointment insolvency procedures puts us amongst the top recovery advisors in the UK.
It all starts with a free telephone consultation with us to understand your requirements and then, if appropriate, we will assist you to file for bankruptcy with a pre-qualifying interview.
Depending on each individual’s circumstances, it is probable that a Trustee in Bankruptcy would be appointed, particularly if there are properties involved. We will assist in the handling of the Trustee’s questions post-bankruptcy as an ongoing service. It is important to note that your matrimonial home is protected for up to 2 years and 3 months after your bankruptcy. During this time Cromwell Seymour will assist to negotiate a settlement with the Trustee so that the home reverts to your partner/wife. It is common for the family to remain in the home provided that any mortgage or interest payments are paid to the Lender.
You would not be permitted to hold a Directorship, but it is possible for an undischarged bankrupt to hold the position of Company Secretary of a UK trading company, providing you with the opportunity to continue trading using your entrepreneurial skills should you wish.