Given the complex nature of this area of law, timely and correct advice is vital.
Calls from creditors and debt collectors are increasing. Everyone wants a piece of you but there’s not enough to go around. If you’re a company director, the duties imposed upon you by law are numerous and varied. You knew that when you signed up. But you didn’t expect things to go south like they have.
Economic hardship is common place and even more so in recent times. The worst thing you can do is ignore what is going on if you're in such an unfortunate position. It will not go away on its own. It’s likely to get worse before it gets better, if indeed it gets better at all.
Sound advice from an insolvency lawyer or bankruptcy lawyer can make a big difference.
From advising individuals, small business owners, company directors or creditors to alternatively, acting for insolvency professionals (liquidators, receivers and administrators or trustees in bankruptcy), we have experience on all sides of the ledger.
Liquidators have the ability to claw back preference payments and other voidable transactions. Seeking to wind up a company that owes you money is usually a last resort. Equally if a person owes you money, bankrupting them does not mean you will get paid. Call us for sound practical advice.
We can help in defence of winding up applications, or alternatively, applying to the court to set aside statutory demands received from eager creditors. Liquidators have the ability to claw back what they consider are uncommercial loans and other voidable transactions. We can assist in defending such claims.
We can assist in the pursuit of voidable transactions and advise on the conduct of bankruptcies, administrations and liquidations.