Jeremy Knight & Co LLP are independent Licensed Insolvency Practitioners who provide a first class professional service to debtors and creditors alike, on all matters relating to insolvency. We have expertise in both Corporate and Personal Insolvency, dealing with all matters relating to Bankruptcy and Individual Voluntary Arrangements (IVAs).
For companies and partnerships we act and advise on Creditors Voluntary Liquidation, Administrations, Administrative Receiverships and Company Voluntary Arrangements. We also act and advise on Members Voluntary Liquidations i.e. Wherever possible, if people come to us early enough before it is too late, we will always try to find a rescue package to save your business or to prevent a formal insolvency.
For companies and partnerships we act and advise on Creditors Voluntary Liquidation, Administrations, Administrative Receiverships and Company Voluntary Arrangements. We also act and advise on Members Voluntary Liquidations i.e. Wherever possible, if people come to us early enough before it is too late, we will always try to find a rescue package to save your business or to prevent a formal insolvency.
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Jeremy Knight & Co is the trading name of Jeremy Knight & Co LLP, a Limited Liability Partnership registered in England No. OC343685 Registered Office: 68 Ship Street, Brighton, East Sussex BN1 1AE. Jeremy qualified as a Chartered Accountant in 1975 and has been specialising in Insolvency since 1976.
The following notes may be of help to anyone who is Bankrupt or contemplating Bankruptcy in understanding some of the implications of insolvency. When you are made Bankrupt it is as a result of either a Bankruptcy Order issued by the Court (on a creditor's petition) or by the Adjudicator (on a debtor's application).
The following notes may be of help to anyone who is in financial difficulty or who is Bankrupt to understand some of the implications of insolvency. An Individual Voluntary Arrangement (IVA) is in many cases preferable to Bankruptcy as it is beneficial both to creditors because of the lower costs, and to a debtor because it avoids the permanent black mark of Bankruptcy.
Previously they had not been, due to a mistake in the drafting of the legislation, but this has now been corrected. There will be no need for any Court hearing but the application will need to be made through an approved intermediary, such as a Citizens Advice Bureau. The cost of applying for a DRO is 90.
A Debt Management Plan (DMP) is simply an informal arrangement for someone who cannot afford to pay all the instalments on their debts in full. Usually it will be done through an independent third party such as a Citizens Advice Bureau or possibly a commercial provider. A summary of your household income and outgoings will be prepared and sent to each creditor together with a breakdown of all the debts.
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