Personal insolvency

Is bankruptcy inevitable? Not always, and it is never desirable. Unfortunately it is becoming more common as more individuals are tempted by credit to finance their business activities. Grant Thornton firms see it from both sides. They help individuals and partnerships to find a solution that avoids bankruptcy. And they advise creditors on recovering money in cases of personal insolvency. In many countries they act in an official supervisory role over the debtor to protect the interest of creditors.