We can provide advice and assistance to individuals concerned with personal insolvency issues. Whether acting as a Trustee in personal bankruptcy or preparing an Individual Voluntary Arrangement, our specialist experience can enable us to find a solution for you where the return to creditors can be maximised.

Our personal insolvency services include:

Individual Voluntary Arrangements (IVA)

IVAs avoid the stigma of bankruptcy and are a confidential process between the creditor and the individual.

At Cowgill Holloway Business Recovery we will carefully calculate the amount you can afford to pay and your creditors will usually forego some of the debt you owe and, at the end of the agreed period, these debts are written off (provided you have kept up with the negotiated monthly IVA payments).

We always recommend the solution that’s best for your own circumstances. We’ll only suggest an IVA if we think you have an excellent chance of the people you owe money to agreeing to it. If an IVA is right for you, we will help set up the arrangement and deal with your creditors on your behalf.


Declaring bankruptcy is a big decision, one that shouldn’t be taken lightly. There are many consequences to consider, which is why it is important to seek the right level of advice. We offer a managed bankruptcy process where we basically guide you through the process. This is from the initial advice and form filling to what you should expect at court.

We will:

  • Assess your situation to ensure that bankruptcy is the right solution for you and all alternatives have been exhausted
  • Provide help and guidance with managing your debt problems
  • Complete the Petition and Statement of Affairs
  • Advise on all aspect of bankruptcy and how they affect you
  • Help filing the Petition at Court
  • Provide on going support for a year until the discharge

Bankruptcy is big step that needs to be considered carefully. You should ideally have an expert opinion on your suitability for this solution.