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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 Bushra Khan
I was assisted by busha khan regarding my will matter. M and k provide free advice and service is spot on. Always willing to go that extra mile for you.
Review left by Anonymous
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Tagged solicitor Lisa Harris
BWK solicitors were so great. We used them for probate services and they also dealt with the sale of out mums house. So professional and communicative. I thoroughly recommend them.
Review left by Mark Ainsworth
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Tagged solicitor Kendall Taylor
I didn't have a clue on what to do coming into this and was abit nervous. Iv had expert guidance all the way through, everything has been explained well and the whole process has been really comfortable. Kendall has been amazing with her knowledge and I cant thank you enough.
Review left by Karen
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Tagged solicitor Kate Pambos
The whole experience was very easy. Kate put us at ease straight away, and was very professional and friendly. Would highly recommend her services.
Review left by P. Avril Peters
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Tagged solicitors Beverly Davison and Mark Feely
Excellent service and communication throughout the process of selling of our property in Stevenage and the purchase of our new home. Mark and Beverly were both great to deal with and are highly recommended
Review left by Steve
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Tagged solicitor Melanie Williams
Melanie has dealt with the sale of my mom's house extremely professionally, keeping me informed at all times. Thank you so much for everything - I will not hesitate to contact you in the future to discuss updating our Wills.
Review left by Alyson Lane
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Tagged solicitor Natalie Hogarth
Natalie was excellent and extremely professional she was understanding and explained everything with care and consideration something which I thought would be a daunting task made incredibly easy by Natalie I would recommend her to everyone! John and Norma
Review left by Anonymous
