
The most dramatic option is to file for bankruptcy, a process that can now be made online. Less drastic options exist, however. O’Hare explains how insolvency law can be used to give the debtor breathing space before enforcement of debt collection―individuals have three main ways to do this while companies also have a variety of responses and delaying mechanisms at their fingertips.
O’Hare sets out the various options available to debtors, in a timely and easy-to-follow article.