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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 Gill Tobin
Gill was extremely helpful, efficient and friendly. We were very grateful for her advice and speedy conclusion.
Review left by Joan
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Tagged solicitor Alastair Hargreaves
Meadows Ryan has helped us with both Probate and Conveyancing. Both issues were complicated and Meadows Ryan has been superb in dealing with everything. They are professional and measured in everything they do and we have been delighted with them. Faultless ! No hesitation in recommending!
Review left by Charlotte
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Tagged solicitor Kirsty Sharp
Our dealings were with making Wills and Lasting Powers of Attorney. It was explained very well and put into words we understand. She was very honest and polite and made us feel at ease.
Review left by M Shaw
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Tagged solicitor Ashlie Harwood
As an executor for both my father in Law and father's estates Ashlie has provided professional advice and support in dealing with IHT, probate and Trust administration over a period of 3 years with clear advice and guidance, making the whole process manageable. She has been approachable and efficient throughout and a pleasure to deal with.
Review left by Stephen Seeney
