Arthur Boyd & Company, are an independent local firm providing business support from cradle to grave. We specialise in helping individuals, whether they are sole traders, partnerships or family run companies, who are experiencing financial difficulties. With one of the longest established Insolvency Practitioners in Northern Ireland, we have a wealth of experience which has helped to find practical solutions for many people, enabling them to deal with their creditors and put their personal and business finances back on track.

Our aim is to help you sort out your problems so that you can get on with the rest of your life.

Consumer Debt - options available

Is your home or business at risk?

            Can’t see a way out of spiralling debts?

                        Have you ignored dealing with a statutory demand?

                                    Can you consolidate your payments into one amount?

                                                Personal relationships under pressure?

                                                            Is bankruptcy the only option?

If you’re asking yourself any of these questions, come and talk to us.  There are alternatives to bankruptcy.  We can help you make the most suitable decision for you based on your personal circumstances. This may be an informal arrangement with your creditors of one payment per month or, perhaps a formal Voluntary Arrangement may be right for you.  Sometimes bankruptcy is the best option - we can guide you through it.

The first consultation is FREE so ring 028 90 329255 and make an appointment.

Getting into and out of Bankruptcy

I did not receive notice that I was to be made bankrupt!

            I am a solvent bankrupt, can I get out of bankruptcy?

                        Can I do an Individual Voluntary Arrangement if I am bankrupt?

                                    Will I lose my house?

We deal with an increasing number of cases where a statutory demand has been received but ignored and a bankruptcy petition has quickly followed.  Normally these individuals are solvent bankrupts and we can help them reverse the bankruptcy. However going into bankruptcy incurs significant costs for the individual, which would have been avoided if action had been taken prior to bankruptcy.  

For further advice in this area contact us as soon as possible; either when you receive a statutory demand, are threatened with bankruptcy, or find you have been made bankrupt. It is possible to avoid or lessen the damage/cost by seeking the right advice at this time.

Business Problems 

Cashflow problem?

            Creditors threatening?

                        Management information not available?

                                Is the business viable?      

                                          Is The bank reducing your facility?

                                                Statutory demand or bankruptcy petition received?

Most businesses experience financial problems at some stage, whatever their size, but not every business survives. Getting practical business advice and help to deal with problems when you need it, can help avert otherwise terminal results.  Our knowledge and experience of the business environment and how to face up to the challenges it presents, allows us to help business owners find practical ways to address these problems as they arise. We can provide a handholding service where necessary and /or carry out a business health check to identify the problems and possible solutions including refinance arrangements.

We advise company directors on the risks of trading on through a rough patch and the pros and cons of voluntary arrangements, or if this is not an option, we can advise on how best to wind down your business. Our objective is to either help business owners preserve and improve their businesses so they can pay their creditors and continue to earn a living, or if this is not possible to maximise the return to creditors through an appropriate voluntary arrangement which either allows part or all of the business to be saved or salvaged.

Corporate Reorganisation

Where businesses find themselves in difficulty, we offer advice and assistance in implementing whichever procedure is the most appropriate for them, as between orderly run down, informal arrangement, administration, company voluntary arrangement, creditors voluntary liquidation, members voluntary liquidation etc.

Changes in legislation

Insolvency law has changed substantially in the rest of the UK since 2002. From March 2006 the law in Northern Ireland changed to bring us into line with the UK.  Click on New Legislation to see a summary of the detailed changes.

Meet us face to face

We know every situation is different, so that’s why we ask you to come and discuss it with us, face to face. We offer a personal and confidential service. Either fill in the Enquiry Form with details of your situation and we’ll contact you to arrange a meeting to discuss the matter further or ring us directly on 028 90329255.