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Insolvency services

When a business owner runs into financial trouble, the consequences can be devastating.

Directors can find themselves under personal pressure, creditors may be left unpaid and insolvency practitioners are often engaged to deal with difficult disputes.

Having the right solicitor on your side means you’ll understand your responsibilities and know all of your options, helping you avoid costly mistakes.

Our specialist insolvency solicitors have been helping people deal with insolvency issues for many years across multiple industries.

If your company is experiencing trading difficulties, get in touch for expert support.

Contact our insolvency solicitors

Who can insolvency solicitors help?

We work with a wide range of people and organisations, including:

  • Company directors who may be facing personal claims or investigations
  • Businesses and creditors trying to recover debts from companies in difficulty
  • Insolvency practitioners seeking legal input on transactions or disputes
  • Landlords and tenants dealing with the knock-on effects of insolvency on property

Acting on behalf of each of these clients allows us to be acutely aware of the competing risks and vulnerabilities from both parties’ perspectives.

Find out if we can help you

How we can help you with insolvency

Our lawyers are well-versed to assist affected parties with matters involving:

  • Directors’ duties and potential liabilities
  • Claims for misfeasance, wrongful trading or fraudulent trading
  • Transactions at undervalue or preference claims
  • Recovery of money owed from insolvent companies
  • Property and lease issues linked to insolvency

Insolvency does not have to lead to the closing of your company. We can help you explore restructuring options to help your business recover where possible.

Get insolvency legal advice today

What are your options when it comes to insolvency?

Depending on your situation, there are different procedures designed either to rescue the business or to bring matters to an orderly close.

The main options include:

Administration gives the company breathing space from creditor action while an administrator works to restructure, sell, or stabilise the business.

A CVA is an agreement with creditors to pay back debts over time while directors stay in control of the company.

Liquidation is sometimes the only option if recovery isn’t possible. This brings the business to a close, with assets sold to repay creditors as far as possible.

Each option comes with different legal implications, risks and opportunities.

For tailored guidance on the best route forward for your company, please contact our insolvency solicitors.

Speak to our team today

Meet the team

Arsalan Mohsin

Solicitor

Basildon & Chelmsford

07572166307

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Luke Morgan

Supervising Director, Litigation Team, Company Commercial, Employment & Deputy Money Laundering Reporting Officer

Commercial hub, Basildon

01268 240000

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Patricia Wollington

Head of Commercial Litigation

Commercial hub, Basildon

01268 240000

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Erin Duffy

Head of Personal Litigation

Commercial Hub, Basildon

01268 240000

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Gareth Brazier

Senior Associate

Basildon

01268 240099

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Matthew Johnson

Supervising Department Director Company Commercial, General Data Protection Officer Team

Commercial hub, Basildon

01268 240000

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Jonathan Hol

Associate Solicitor

Commercial Hub, Basildon

01268 240000

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