Debt Recovery & Insolvency Solicitors
A business failure has a far-reaching impact. It affects not only the directors, management and shareholders of the business but also its employees, their families, customers, suppliers and financial backers. We have acted for all of these stakeholders, as well as for the Trustees in Bankruptcy and we offer a full range of corporate insolvency services.
Working closely with our colleagues in Employment and Commercial Property, we have the all-round experience necessary to achieve the best possible outcome for you. Wherever possible, our emphasis will be on the rescue, recovery and renewal of your business. Our expertise also covers the full spectrum of insolvency-related matters, including:
- Applications to set aside statutory demands
- Claims against directors
- Company restructuring and refinancing
- Creditors’ rights on insolvency
- Company Voluntary Arrangements
- Directors’ Disqualification
- Equitable exoneration and set off
- Individual Voluntary Arrangements (IVA)
- Injunctions to restrain advertisements of winding-up petitions
- Landlords’ rights on insolvency
- Preparing and serving statutory demands
- Protecting the family home
- Setting aside transactions at an undervalue
If you require the expertise of an Insolvency Practitioner, we will recommend an appropriate specialist for you. Effective debt collection is an essential requirement for any business, particularly if you run a small business where bad debts can have a crippling effect on your cash flow and profit margins. You can also end up spending time chasing unpaid debts rather than running and developing your business. Of course, you also need to maintain good relationships with your customers and this often presents barriers to effective debt collection. In challenging economic times it can also be difficult to persuade customers to accept terms and conditions which could help you to manage your cash flow. Nevertheless, when levels of outstanding debts threaten the profitability or even the survival of your business, you need professional guidance to help you to fight your corner.
We will give you straightforward, pragmatic advice at extremely competitive rates, with the full range of debt recovery services, from drafting letters before action, late payment demands and statutory demands through to commencing insolvency proceedings and enforcing judgements. Our services include Statutory Demands and Insolvency We will support you until the debt is paid or until all avenues have been exhausted.