Bankruptcy
Creditor-led bankruptcy strategy focused on recovery and leverage
Bankruptcy is a serious remedy. Used correctly, it can secure payment, prevent dissipation, and bring structure to recovery where a debtor is evasive, insolvent or strategically non-paying. Used incorrectly, it can be slow, value-destructive, or vulnerable to challenge.
STA Legal advises secured and unsecured creditors on creditor-led bankruptcy strategy, with a focus on evidence discipline, proportionality, and recoverability.
Our creditor bankruptcy expertise
Pre-petition assessment and demand strategy
We assess the debt, documentation and debtor profile, and advise on:
- Statutory demands (individual) and appropriate escalation
- Risk of dispute allegations and how to avoid procedural missteps
- Asset and income indicators to assess whether bankruptcy is likely to produce recovery
- Settlement and security options as alternatives to bankruptcy
Bankruptcy petitions and court applications
We advise and act on:
- Bankruptcy petitions for high-value individuals and guarantors
- Applications linked to bankruptcy strategy, including annulment/rescission risk management where relevant
- Coordination with enforcement options where bankruptcy is not the optimal route
Recovery during and after bankruptcy
We support creditors with:
- Proofs of debt and participation in creditor processes
- Intelligence-led recovery steps in support of trustees and investigations
- Coordination with parallel civil proceedings where the claim is not purely debt-based
Contact us
Discuss whether bankruptcy is an appropriate recovery route
Prepare statutory demand and petition strategy
Coordinate bankruptcy with enforcement and civil recovery