Practice Areas
Insolvency Services
We have been advising Lenders for some years now on the effect of insolvency on their products and on their security. In doing so we have developed a niche understanding of the insolvency market and in these current times there are a plethora of advisers and debt management companies who ply their trades amongst the overwhelming number of people turning to bankruptcy or insolvency solutions.
We offer a whole of market solution using our expertise and panel of advisers. Our service is tailored to the individual, to the mortgage adviser and to the Trustee.
For Brokers
It is well known that near prime and sub prime customers very often find it difficult to obtain a mortgage or loan with traditional lenders and there are some customers who are unable to satisfy sub prime lenders criteria as, for example, they may be on the verge of insolvency. This can be frustrating for you and the customer as you will no doubt have already been through a stressful and time consuming process and time may be running out...Or more commonly you may be contacted by customers who want to find out more about IVAs, how to avoid bankruptcy, alternatives to bankruptcy or they want advice on how to become bankrupt...
As regulated mortgage advisers the FSA requires you to take reasonable steps to ensure that any recommendations to customers are suitable to their needs and circumstances and to gather all the information relevant for the purpose of establishing the suitability of any products.
At Wright & Wright we are well known in the marketplace and are property and bankruptcy/IVA specialists. We are here to see if we can help - there are many products available in the market which may be suited to the near insolvent customer and will enable you to provide a fuller service with the security of a respected and specialist niche law firm.
Not only can Wright & Wright support your existing conveyancing pipelines but we can help you with those new customers who are on the verge of insolvency. This will provide you with a possible solution to the customer's problem and valuable fee income.
For Individuals
We are experienced in dealing with all aspects of a debt solution for you- from the IVA to petitioning for your own bankruptcy. It may well be that a creditor has already petitioned for your bankruptcy but you wish to defend this- or you may have been made bankrupt but wish to have it annulled. Again, we can assist with all these problems and ensure that you are given accurate and concise advice with a plain and simple fee structure at the outset.
Our decisions on the route for you to take can be confirmed within 24 hours of receiving your information pack and we provide full explanations on the choices we recommend.
For Trustees
We have reciprocal arrangements with Trustees in relation to bankruptcy work and can represent your interests in annulment or possession actions where necessary. Please contact us directly for more information.
Clients and Associates
