Personal Insolvency

Personal insolvency comprises both individuals with consumer debt and those acting as sole traders with business related debt.

When an individual cannot pay their debts as and when they fall due and owe a creditor more than £5,000 (£3,000 in Scotland) the creditor can petition through the Court for the individual to be made bankrupt.

Bankruptcy & sequestration

Armstrong Watson’s personal insolvency specialists act as Trustees in Bankruptcy following appointment by the Secretary of State in England & Wales and Sequestration Trustees in Scotland.

We have vast experience in realising all forms of assets including simple and complex, and those assets where ownership is in dispute, to maximise recoveries and enable the payment of dividends to creditors as early as possible.

Our team have built a reputation on providing a high quality service through technical expertise and direction to ensure insolvent estates are managed in a cost-effective way.

We also can assist those in financial distress with an Individual Voluntary Arrangement.

If you are a creditor who wishes to take action against an individual, please visit our Creditor Services page to see how our team may be able to assist.

Get in touch for specialist, confidential help and advice

Mike Kienlen

Mike Kienlen

Head of Restructuring & Insolvency

0808 144 5575

Get in touch with our team

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Armstrong Watson LLP is a limited liability partnership registered in England and Wales, number OC415608. The registered office is 15 Victoria Place, Carlisle, CA1 1EW where a list of members is kept. Armstrong Watson LLP is regulated by the Institute of Chartered Accountants in England and Wales for a range of investment business activities. Unless otherwise indicated, either expressly or by the context, we use the word “partner” to describe a member of Armstrong Watson LLP or an employee of Armstrong Watson LLP in their capacity as such.

Armstrong Watson Audit Limited is registered to carry on audit work in the UK by the Institute of Chartered Accountants in England and Wales. Registered as a limited company in England and Wales, number 8800970. The registered office is 15 Victoria Place, Carlisle, CA1 1EW.

Armstrong Watson Financial Planning Limited is authorised and regulated by the Financial Conduct Authority. Firm reference number 542122. Registered as a limited company in England and Wales, number 7208672. The registered office is 15 Victoria Place, Carlisle, CA1 1EW. Armstrong Watson Financial Planning & Wealth Management is a trading style of Armstrong Watson Financial Planning Limited.

Armstrong Watson Trustees Limited is a limited company registered in England and Wales, number 84495656. The registered office is 15 Victoria Place, Carlisle, CA1 1EW.


The deadline for July 2021 claims is 16th August 2021. If you require our JRS team to submit your claims please send them to jrs@armstrongwatson.co.uk by 11th August 2021. For details on the changes to the scheme visit our CJRS page.