Facing trouble

If facing insolvency or with a business on the brink of insolvency it is imperative that professional advice is taken. Although it may be tempting to soldier on in the hope that something will turn up, doing nothing is not a sensible option. It may be that a failing company can be rescued by bold action; a viable element may be saved by appointing an administrator and the continuation of trading. It may be possible to enter into a voluntary arrangement with personal or a business's creditors.

Continuing to blindly trade whilst insolvent may well lead to personal liability for a company's debts. Wilful blindness to a hopeless situation risks an allegation of fraudulent trading and criminal charges alleging misconduct as a director, or commission of insolvency offences

We have a multi disciplinary practice, and are able to advise on protection against liabilities and possible future court action. We provide clear, commercially based advice, which can help you choose the right way forward and protect you from future liabilities if insolvency is unavoidable. We can help maintain your status as a company director if Director's Disqualification proceedings are brought.

Causing trouble

Although some debtors will endlessly string out paying their bills, and even risk claims for debt to be filed, few who really are able to pay will allow themselves to be made bankrupt. Whilst we do not undertake bulk debt collection – there are commoditised firms that do so mechanically and cheaply – we do obtain judgements, serve statutory demands and bankruptcy petitions for our clients, and so recover debts owed to them.