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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.
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Tagged solicitor Alexandra Bartlett
We used Alexandra for the conveyancing on a probate sale. The process was simple and pretty much effortless for us, Alexandra dealt with everything. We were very pleased with the process.
Review left by David
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Tagged solicitor Lisa May
Lisa was very thoughtful under the circumstances of a probate sale . She was quick with her responses and kept me updated throughout the process. I would highly recommend Lisa . Actually I already have !!!
Review left by Becki
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Tagged solicitor Michael Feakes and Head of Commercial
Thank you so much for your time on the phone today. I waffled on far too long before getting to my question, and you were very patient with me which I very much appreciated.
Review left by Anonymous
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Tagged solicitor Tom Bridge
We would like to thank Mr Bridge for his assistance with our Lasting Powers of Attorney and for helping navigate some tricky paperwork. Nothing was too much trouble.
Review left by Mr and Mrs
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Tagged solicitor Anna Tagg-Van Lany
On both occasions to our home to review our Wills, we found the representatives of BRGP to be most helpful to talk to, also explaining anything we didn't understand. Very pleasant and easy manner to put you at ease.
Review left by Jean Eldridge
