Reaching a solution in an incredibly difficult and complex situation like insolvency requires expert help from a team that is cost-transparent, commercially minded, pragmatic, proactive, and sensitive. The legal rights and remedies need careful handling; we are here to help.

Key insolvency and restructuring services

Our expert team of lawyers can help you in the following structure

• Transactional insolvency (buying and selling distressed businesses and assets)
• Contentious insolvency (disputes, potential claims and litigation)
• Insolvency and restructuring advising
• options in event of financial distress
• Business turnaround and corporate restructuring;
• Effect of forms of formal insolvency procedure including applicable moratoria
• Employees in insolvent situations
• Negotiation and realization of assets
• cross-border insolvency
• Exposures arising on insolvency and phoenixism
• Powers and duties of office holders, including appointments
• Administration of insolvent businesses and estates
• All forms of litigation under insolvency legislation, including bankruptcy annulment
• Directors duties and disqualification
• Enforcement of creditor / landlord rights in insolvent situations.

Our insolvency clients

The team’s insolvency practitioner clients include:

• RSM
• Begbies Traynor
• James Cowper Kreston
• Interpath
• Mazars
• Leonard Curtis
• Evelyn Partners
• Quantuma
• FRP Advisory Trading Ltd

We also act for referrals from:

• Funders e.g. banks, building societies, asset-based lenders
• Domestic and trading partners
• Company directors
• family members and guarantors
• Non-IP LPA receivers
• Non-specialist solicitors

Example of restructuring and insolvency work

• In recent years, the team’s single largest assignment is the administrators of a major chain of convenience stores to maximize realizations and save jobs through the disposal of numerous trading outlets and associated premises.
• Acting for various insolvency practitioners in claims against assets including bankruptcy involving unregistered commercial land involving a disputed charge over the assets of a bus company
• Advising various spouses of individuals on defending claims being made by the bankruptcy trustee in bankruptcy in respect of transactions at undervalue claims.
• Defending various claims for misbehavior, wrongful trading and disqualification against directors of limited companies Advising overseas investors and professional trustees executors in legal transactions and restructuring options for leisure industry interests, including hotels and golf venues both in and outside of CVAs
• Advising overseas investors and professional trust executors on legal, transactional and restructuring options for leisure industry interests, including hotels Assisting with numerous of the sales by acquisitions from insolvency practitioner, including the purchase of a theme park and the assets of a Channel Islands-based shipping companies and freight forwar
• Assisting with numerous sales acquisitions from insolvency practitioners, including purchases of a theme park and the assets of a Channel Islands based shipping company and freight forwarder, and sales of multiple convenience stores from administration
• Assisting colleagues in the firm’s corporate, commercial property and banking teams on aspects of a major refinancing and redevelopment project with an aggregate deal consideration of around £72m
• Advising various spouses of bankrupt individuals on defending claims being made by the bankrupt’s trustees in bankruptcy in respect of preferences and/or transaction at undervalue claims.
• Advising company directors’ on the use of ‘prohibited names’ under section 216 Insolvency Act 1986 and the exemptions available to them to avoid criminal prosecution
• Acting for insolvency practitioners to assist them in bringing applications under the Insolvency Act 1986 for increases to their fee remuneration.

Advising bankrupt individuals generally as to their rights when considering the position of their trustees in bankruptcy.

How we work with you

Key aspects act Technology has been providing a high level of service to our clients. Our advice can be given in many ways.We will talk through how you would like to be contacted and the best ways for us to meet in our early conversations with you.

• • Over the telephone
  • Via video conferencing
  • In face to face meetings