Restructuring and Insolvency ============================ **If you need advice or representation on any Corporate Law matter, click below for a free initial consultation with one of our expert Corporate solicitors.** [BOOK MY FREE CONSULTATION](https://vardags.com/contact) ### What Happens when Filing for Bankruptcy? --- Bankruptcy is a formal insolvency procedure for individuals, designed to release an individual from their debts when they can no longer pay them, and allowing creditors to be repaid fairly. If you are considering filing for bankruptcy, click below for a free initial... [Find out more](https://vardags.com/law-guide/restructuring-and-insolvency/bankruptcy "What Happens when Filing for Bankruptcy?") ### Corporate Insolvency --- What is corporate insolvency? Insolvency occurs when an individual or company does not have sufficient assets to cover its debts, or where they are unable to pay their debts as they become due. Corporate insolvency refers to a company becoming insolvent. The procedures... [Find out more](https://vardags.com/law-guide/restructuring-and-insolvency/corporate-insolvency "Corporate Insolvency") ### Statutory Demand --- What is a statutory demand A statutory demand is a formal demand for payment of a debt owed by either a company or an individual (the debtor). Anybody that is owed money (the creditor) can make a statutory demand, so long as the debt is less than six years... [Find out more](https://vardags.com/law-guide/restructuring-and-insolvency/statutory-demand "Statutory Demand") The information on this website is intended as a guide and does not constitute legal advice. Vardags do not accept liability for any errors in the information on this website, nor any losses stemming from reliance upon the statements made herein. All articles and pages aim to reflect the legal position at time they were published, and may have been rendered obsolete by subsequent developments in the law. Should you require specialist advice, tailored to your situation, please see how Vardags can help you. What our clients say -------------------- I would like to say working with the staff at Vardags was a great support to me at a difficult time of my life but with their support and sensitivity I was able to get through the experience with less stress and ease. If anyone... is looking for a good legal team I would recommend Vardags. They may cost a bit more but will give you good service. Brenda Hart I could write an essay on these amazing people, but I would simply say, if someone is taking undue advantage of you and trying to destroy your life, look no further. Rahul Verma Knowledgeable, respectful and empathetic service and team. Michelle Ravden Thanks to Emma and the team for the outstanding handling of my case. Throughout the months of my ongoing case I was kept informed and updated at all times never left wondering what was happening or where I stood. From meeting... Emma I felt instantly that my case was in good (understatement) hands, she has a friendly personal approach as well as so much expertise in the handling of family law cases. I feel so grateful to have had Emma and her team handle my case and for the outcome! Thank you! Emily Calvin The Vardags team are exceptionally knowledgable and strategic but also, and most importantly, they are confident and reassuring in a time when one can feel most vulnerable. Robert Douge Outstanding firm and of highest level of professionalism. I would highly recommend Vardags as best in class in what they do. Sandip Kotecha