Taylor Fordyce background image

Insolvency Solicitors

At Taylor Fordyce, we are highly skilled in providing advice across all areas of insolvency law, including individual bankruptcy, company winding-up, recovery of debts, Statutory Demands, and Individual Voluntary Arrangements.

Whether you are an individual or business and you are worried about being unable to repay your debts, or you want to recover a debt from a person or business which can’t repay you, our specialist team of insolvency solicitors will apply their expert level of insolvency law knowledge and experience to help you achieve the best outcome possible.

We understand that this is probably an extremely stressful time for you, whether you are struggling with debt or you are owed money. Our insolvency lawyers will handle your case sensitively and thoughtfully whilst taking all your individual circumstances into account, so you can achieve a positive outcome which allows you to look to the future with confidence and enthusiasm.

We serve local communities and businesses across Berkshire and Hampshire with local offices in Alresford, Sunningdale, and Winchester.

Get in touch with our insolvency solicitors by giving your local branch a call or by filling in our online enquiry form.

​​What our insolvency and debt solicitors can do for you

We can provide advice in relation to all areas of insolvency law, including:

We advise both individuals and businesses or companies at all stages of the insolvency process. If you are struggling with debt, we recommend getting in touch for advice as early as you can so we can do everything possible to help you avoid formal insolvency proceedings.

Similarly, if you lent money to an individual or company which cannot pay you back, do not hesitate to get in touch to discuss debt recovery options prior to insolvency proceedings.

Debt recovery

If you are owed money by an individual or a company that cannot pay or is insolvent, our highly skilled insolvency lawyers can provide you with practical advice about all possible options for recovery of the debt, including:

Statutory demands

Statutory Demands are legal documents issued to demand repayment of a debt. You cannot instigate bankruptcy or winding up proceedings until a Statutory Demand has been issued, so by their very nature, they often directly precede formal insolvency proceedings.

If you are a creditor, we can draft and arrange service of Statutory Demands on your behalf as well as representing you through any challenges to the Demand or negotiating settlement with the debtor on your behalf.

If you have received a Statutory Demand, we can make a formal application to have it set aside if you do not agree with the debt, or we can negotiate settlement with the creditor on your behalf.


If you are in debt, bankruptcy should only be considered as a last resort due to its far-reaching effects on your life. As part of the bankruptcy process, you will probably be required to sell any valuable assets you own, including your houses and cars, and you may find it difficult to obtain credit for up to six years.

Our specialist insolvency team includes experienced bankruptcy solicitors who can provide you with advice on whether bankruptcy is right for you, or whether there are other options you can use to deal with your debts.

If someone has applied to make you bankrupt, we can provide advice on your options, including defending the proceedings if you do not agree with the debt or negotiating settlement with the debtor to end the proceedings before you’re made bankrupt.

Company winding-up proceedings

Winding up, or liquidation, is the term used to describe the closing down of a company and the distribution of its assets amongst its creditors and shareholders (if there is anything left after the company’s debts have been paid off).

There are two types of liquidation for insolvency purposes available:

Individual debt solutions

Our highly skilled insolvency lawyers can help you explore potential debts solutions to help you get your finances back on track, including:

Debt repayment plans

This involves coming to agreements with creditors to repay your debts based on how much you can afford. Some creditors may also agree to freeze or temporarily halt interest in order to help you address your debts.

Payment holidays

Some creditors may agree to temporarily stop or reduce your monthly payments to allow you breathing space during times you are finding it difficult to keep up with payments.

Settlement offers

Some creditors may accept a reduced sum of money in order to settle your debt in one go.


By getting a new mortgage on your home, you may be able to release money to repay your unsecured creditors or obtain a better deal with lower monthly payments, so you have more money each month to pay other debts.

Equity release

If you are retired or near retirement age, you may be able to release the equity in your home to repay your creditors.

Individual Voluntary Arrangements (IVA)

An IVA is a formal agreement between you and your creditors to help you repay your debts in a way which is affordable to you. So long as 75% of your unsecured creditors agree to the IVA, they will all be bound by it.

Why should you choose Taylor Fordyce’s insolvency lawyers?

At Taylor Fordyce, we strive to provide legal advice which is clear, pragmatic, and realistic. Debt and insolvency can be a daunting situation to be in. However, you can trust our insolvency solicitors to be by your side every step of the way.

In many situations, we are able to talk our clients through their options and help them come to a positive conclusion, such as reaching settlement agreements with creditors, without having to resort to formal insolvency proceedings.

If you do need to start insolvency proceedings, we will provide procedural support and guidance throughout the process, from preparing the required documentation, to dealing with the Official Receiver or Insolvency Practitioner on your behalf.

We act for clients struggling with debt and clients owed money, so we can offer a unique insight into both sides of your case; knowledge we can use to help you resolve your matter as efficiently and cost-effectively as possible.

Contact our insolvency solicitors today

We provide high-quality legal services across Winchester, Alresford and Sunningdale. To get in touch with our dedicated insolvency and debt solicitors, please use the links below.

For further information follow the links on the right-hand side.

Or alternatively, contact us on: