Updated: 24th June 2021
A Person at Risk of Violence Order (PARV) can be used to ward off violent creditors by preventing your address from being made public when entering personal insolvency proceedings, such as Bankruptcy.
The Individual Insolvency Register records all Bankruptcy Orders, Debt Relief Orders and Individual Voluntary Arrangements. If you enter bankruptcy, details such as your name and address will be made public on these platforms, however, you can take precautionary action if this will put you at risk of violence from creditors.
You can only apply for a Person at Risk of Violence Order if you have started a Bankruptcy application. If your application is accepted, your address will be withheld from the Individual Insolvency Register and the London Gazette, however, this will not prevent your name from being published.
If you are an insolvent sole trader at risk of violence from creditors, you can apply for a Person at Risk of Violence Order to prohibit your address from being published on the Individual Insolvency Register. If you are unable to repay creditors, the situation can quickly deteriorate, exposing you to serious threats and violence. If you believe that creditors are likely to target you or family members that live with you because of unpaid debts, applying for a PARV can provide protection.
We run through how you can block your address from being published on the Insolvency Register.
Once a PARV order is granted, you will be able to submit your bankruptcy application with confidence that your address will not be disclosed.
Where bankrupt sole traders are in serious debt with creditors, personal information, such as your address may be used by creditors to inflict violence. A PARV order will provide sufficient protection against creditor threats by concealing your address, however, your name will remain on the public register. By providing sufficient evidence to support your application, you can urge the judge to honour your application.
When operating as a sole trader, you will be held personally liable for the debts of your business. If you no longer have sufficient cash flow to continue trading, this could lead you to become bankrupt.
Seeking professional insolvency advice can help you deal with creditor affairs first-hand and open the door to formal personal insolvency recommendations. We have over 100 offices across the country and the Real Business Rescue team can arrange a free consultation to assess your individual circumstances.
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