One solicitor I know who has been involved in this type of work tells me the majority of people who have approached him are in some way over-indebted (though whether or not they are insolvent may be a different matter).
He's stopped taking on new cases by the way as he feels the prospects of getting a positive result are diminishing.
Andrew Graveson
Bright Oak Ltd
UK Debt Management Company
Website: www.brightoak.co.uk
I think it will be closed sooner rather than later.
The sooner the better.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
