Our specialist lawyers provide advice and assistance to insolvency practitioners, companies or individuals.
We understand that restructuring can be a daunting experience. Our experienced team can help companies and individuals experiencing financial difficulties to restructure their affairs or, if it cannot be avoided, to assist them through various insolvency procedures. We have developed close relationships with a number of experienced specialist insolvency practitioners and together we can advise you on the most appropriate way forward.
With sound planning and pragmatic commercial advice, you can take the necessary steps to help your business, whilst supporting you. By working closely with financial advisers and tax specialists, we can advise on a number of different restructuring options including:
- Group reorganisation
- Pre-pack sale
We realise that a restructure affects all those involved, which is why our advice extends to directors on their duties in the context of an insolvent company.
We can also advise you on the acquisition of some or all of the business of an insolvent company.
We advise and assist creditors to achieve the maximum recovery from debtors who may be facing insolvency and to recover any goods protected by retention of title clauses.
We regularly assist insolvency practitioners with investigations, tracing recovery of book-debts and realisation of assets. We have a lot of experience of the Bankruptcy and Companies Court as we regularly appear for clients in relation to:
- The issue and defence of winding-up and bankruptcy petitions
- Applications arising under Sections 127, 212, 214, 216 and 238 of the Insolvency Act 1986 (validation orders, directors’ misfeasance, wrongful trading, re-use of company names and transactions at an undervalue)
- Pursuing and defending claims arising from Part 23 of the Companies Act 2006 (unlawful distribution of dividends)
- Applications to annul bankruptcy orders.
Our comprehensive advice relies on the experience of our corporate, dispute resolution and property litigation teams working enabling us to seamlessly draw on the expertise of specialist lawyers.