For our corporate clients there are a number of options available to a company or its creditors in an insolvent, or potentially insolvent situation. However, the most important thing you can do is to seek immediate advice from an experienced insolvency solicitor. We are on hand to provide that help when required. More often than not, it is harder to deal with the situation the longer it continues.
Whether we are acting for Insolvency Practitioners, businesses or creditors, our aim is not to draw battle lines but to use clear and effective communications to achieve the best result for all concerned. For our Insolvency Practitioner clients, we will guide, advise and represent you in whatever steps are necessary to recover assets for the benefit of creditors. For creditors our aim is simply to get you paid. For distressed businesses, we will advise and guide you through appropriate insolvency procedures, to allow you as company to continue trading if that is possible. If creditor pressure has become too great to bear, we can advise and assist on an appropriate exit strategy.
We also provide advice and assistance for our director clients in issues arising from an insolvency situation, director disqualification proceedings and personal claims from insolvency office holders.
Where appropriate, we will refer you to our extensive network of insolvency professionals so that, together, we work towards the best result for the business and its creditors.
We currently act for Insolvency Practitioners across the South West and beyond. We are also engaged by a range of clients from sole traders to national companies and can tailor our approach to suit the needs of you and your business. We can offer innovative funding solutions and will, where appropriate, operate on a ‘no recovery, no fee’ basis.
Nicholas is a Partner and member of the Compliance Team