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Recovery & Insolvency

Our Corporate Recovery & Insolvency team offer a realistic commercial solution to all your business and personal financial affairs at an affordable price. With experience in all aspects insolvency our Corporate Recovery & Insolvency Solicitors can help re-structuring your financial affairs.

With varied experience and expertise in all aspects of both corporate and personal insolvency our team, who work very closely with Licensed Insolvency Practitioners, can offer you a strategic answer to solving and re-structuring your financial affairs in a reliable and cost effective manner.

20
highly qualified
specialists
Types of Cases

  • Corporate
    ADMINISTRATION

    When a company enters administration, an insolvency practitioner is appointed as the company's administrator. The administrator takes over the control of the business & assets from the company's directors, in order to achieve one of it's statutory purposes.

  • Bankruptcy
     

    Bankruptcy is a process by which the assets of an insolvent individual are realised and distributed among their creditors. If you are, or have been threatened with a bankruptcy petition, or you are contemplating petitioning for your own bankruptcy please contact one of our experts.

  • statutory
    demands

    A statutory demand is a written demand for payment of a debt, served on either an individual or a company. If you are owed at least £750 by one of your corporate creditors or £5,000 per one of your personal creditors, or you have been served with a statutory demand please contact us.

  • Wrongful
    Trading

    If it appears to an insolvency practitioner that a person who is, or was, a director knew at some point before the the insolvency that there was no prospect that the company would avoid going into insolvency the insolvency practitioner can seek that the director make a contribution to the company's assets.

3
comprehensive
local offices
Liquidation

Liquidations Specialist Solicitors

Liquidation is a procedure through which the assets of a company are realised and distributed to creditors. Following the end of liquidation, the company is dissolved. There are three types of liquidation - which are as follows:

Compulsory liquidation

A company can be placed into liquidation by an Order of the Court where a petitioning creditor issues a winding up petition against the company.

Creditors Voluntary liquidation (CVL)

This is the opportunity for shareholders and directors to decide to close the business and appoint a Liquidator.

Members Voluntary liquidation (MVL)

Here the shareholders resolve to appoint a Liquidator and all of the liabilities of the company (including the expenses of Liquidation) are (usually) settled within 12 months.

If your business is encountering financial difficulties please contact one of our experts for a free, no obligation meeting to discuss your circumstances and the options available to you.

WINDING-UP

WINDING-UP PETITIONS

A creditor of a company can apply to the Court to close or wind up a company if it can't pay its debts as and when they fell due - which must be more than £750.

A winding up petition is an extremely serious action - and if not dealt with properly can have serious consequences for a company that has had one presented against it. A winding up petition could result in a company's bank accounts being frozen or the company being wound up. If you are considering presenting a winding up petition or you have been threatened or served with one please contact one of our experts as a matter of urgency to discuss your circumstances and the options available to you.

Contact Us

We are always ready to help you

If you require advice or assisance with a pending or new dispute, don't hesitate to contact us and we'll endeavour to assist you in any way that we can.