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A trustee in bankruptcy takes over the debtor’s estate when a bankruptcy order is made, realises assets, pays costs, and distributes funds to creditors. A solicitor in this area advises on the appointment, the trustee’s duties, and the process of realising assets, dealing with claims, and filing the necessary reports and accounts with the Insolvency Service. The work often involves statutory investigations, reporting on the debtor’s conduct, and ensuring correct distribution of dividends to creditors.
The appointment triggers time-bound tasks: collecting assets, valuing them, paying priority debts, and distributing the remainder to creditors. The process is governed by the Insolvency Act 1986 and related insolvency rules, with the trustee required to act in the debtor’s and creditors’ best interests and to keep proper accounts and reports. The role carries fiduciary duties and potential consequences for mismanagement.
You searched for Trustee in Bankruptcy specialists. Here are related areas of law to help you narrow down your results.
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Tagged solicitor Harleen Hanson
The solicitor & her secretary were always willing to answer any queries and explain the process in easy to understand language. Pleasant friendly manner by all the staff. Would not hesitate to recommend
Review left by Carol Smith
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Tagged solicitor Saher Iqbal
Extremely Professional .I am only sorry outside circumstances meant I had to not complete receiving the service originally asked for.
Review left by Charles Vacy-Ash
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Tagged solicitor Kelly Clarke
Our Will needed updating after 35 years! We took the bull by the horns and contacted HSR Law. It was the easiest process, staff were fantastic and the process completed within two weeks. Highly recommend them. Thank you
Review left by Anonymous
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Tagged solicitor Luke Williams
From the very first telephone conversation, I felt at east and confident that my Lasting Power of Attorney would be handled in a professional and timely manner. Both Luke and Rhys were very approachable and patient. Fees were 50% lower than every other Solicitor I contacted.
Review left by Jane
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Tagged solicitor Edward Ling
My Husband and I needed to change our wills urgently, Edward had this done within 48 hours in an extremely efficient manor and they were expertly completed.
Review left by Trish Wolton
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Tagged solicitor Elle Hall
Elle has been excellent from the first moment we met her. We would recommend her and her firm to anyone. She made this unfortunate task which we were dreading, an easy and pleasant experience.
Review left by Linda
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Tagged solicitor Tom Johnson
We have just obtained Grant of Probate and Tom Johnson dealt with our case. Tom was extremely approachable, professional and kept us updated every step of the way. I would recommend Tom to anyone. I would happily use Tom again. (Review submitted November 2021.)
Review left by Sarah
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Tagged solicitor Robyn MacNeil
We entrusted W&AS Bruce to prepare Wills and Powers of Attorney for both my wife and me. The whole process was handled very efficiently from start to finish, with sincere thanks to Robyn MacNeil. Additionally, we received clarification on behalf of my mum regarding her own Will and the full extent of her long standing Power of Attorney, which she had been unsure about. It was reassuring for her to know that everything was as she expected and that all documents were securely held. Legal matters can often be time consuming and complicated, but with the help of Robyn and the staff at W&AS Bruce, we felt we were treated with courtesy and respect throughout, and the whole process was far easier than we anticipated. We would happily recommend the services of Robyn and the solicitors as a whole to any prospective clients.
Review left by Barry
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Tagged solicitor Julie Brown
From our initial meeting to finalising the Estate, everything was handled professionally by Julie and her brilliant paralegal, Nicole. A pleasure to deal with under difficult circumstances. Highly recommend.
Review left by J
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Tagged solicitor Loren Clapham
Loren explained both the will and LPA processes very well and explanations were easy to understand. Very pleased with the service.
Review left by Sue
