Any business can find itself in financial trouble.
If a company is basically sound and well run, it is in everyone’s interest to help it back on its feet. If there are deeper problems, sometimes there is no way back.
Whatever the circumstances, we can provide independent, expert advice backed by many years experience in insolvency matters. We work closely with a few select, trusted, insolvency practitioners who can help rescue, restructure or bring the business to an orderly conclusion.
If a company goes into liquidation the liquidator is obliged to investigate the directors conduct in manging the business and whether there are any claims that may be bought that can add to the funds available to pay creditors. This can lead to action to disqualify individuals from acting as company directors or claims that directors should pay money to the liquidator arising from matters such as wrongful/ fraudulent trading, transactions at an undervalue, preferences and misfeasance.
Our lawyers can advise if you are facing claims by a liquidator or administrator of an insolvent company, the official receiver/ insolvency service or a trustee in bankruptcy.
We can deal with all aspects of insolvency law, including:
- Personal bankruptcy/ corporate insolvency;
- Advice on directed disqualification proceedings;
- Buying a business from a liquidator or administrator;
- Creditor and debtor disputes.
We also advise creditors of businesses in difficulty.