CORPORATE INSOLVENCY, LIQUIDATION, ADMINISTRATION
We advise insolvency practitioners on all insolvency procedures. With over 20 years experience advising insolvency practitioners, we have a vast array of experience and expertise dealing with large and small cases. We appreciate and encourage a commercial and practical approach where possible.
We deal with the appointment of administrators by way of an application to court and out of court appointments. We act for corporate clients pre and post administration. An example of a non contentious area is drafting and negotiating terms of asset sale agreements for the insolvent company or the purchaser. We also deal with contentious issues such as advising the company on contractual disputes such as retention of title etc. To include making applications to the court to appoint an administrator if a winding up petition is pending against the company.
Partnership Voluntary arrangement and Company Voluntary arrangement
We advise companies and supervisors on schemes of arrangements between the companies and the creditors to include the rights and remedies of all parties affected by such procedures.
When a company runs into financial difficulties it is important for the officers of the company to act quickly to save the business if possible, failing which, to ensure that losses are minimised. We advise directors on their conduct, how to avoid liability for wrongful trading and also deal with disqualification and other proceedings anticipated or issued under the Insolvency Act 1986, Companies Act 2006 and Directors Disqualification Act 1986.
Liquidation / Creditors / Stakeholders
We deal with Compulsory, Creditors and Members Voluntary Liquidation. We act for creditors, office holders and individuals and advise and assist on all issues in a liquidation such as proceedings under the Directors Disqualification Act 1986 and the Insolvency Act 1986.
We also advice officeholders on antecedent transactions such as transactions at an undervalue, preference claims and issues such as unlawful payment of dividends and payment of excessive remuneration prior to the commencement of the insolvency procedure. We also assist our clients in Court applications such as applications for private examination of the directors under section 236 of the Insolvency Act 1986.
We also appreciate that creditor concerns should be at the forefront of any insolvency process. We strive to ensure that the office holder has secured the best recovery possible and acted appropriately in his capacity.
Contact us to arrange a consultation with an experienced corporate insolvency solicitor.