We are also active in obtaining bankruptcy annulment orders and company winding-up rescission orders.
otice; freeze bank accounts and other assets and secure the appointment of a trustee (personal), liquidator or administrator (company) over a debtor's assets.
We are also instructed by creditors to pursue
as a result of trade loss suffered dealing with the insolvent company. This may be a Section 212 action for misfeasance pursuant to the Insolvency Act 1986 or raising the corporate veil due to fraudulent misrepresentation committed by a director/s of the insolvent company.
In successful outcomes the court could require the delinquent director to make a financial restitution to the insolvent company's estate.
Our knowledge extends across all areas of insolvency (personal and company) and is accessible to creditors and debtors in need of advice or assistance.
Often-times creditors and debtors are disenfranchised from benefiting from the insolvency process due to the inaccessibility of specialist insolvency advice or assistance. With our knowledge, experience and wide ranging service we are able to provide creditors and debtors with sought after specialist advice or assistance.
Giving evidence to a government inquiry recently, Sir Philip Green claimed to have worked diligently to avoid one of his best-known retail brands going into liquidation. Nevertheless, the Insolvency Service must establish if Sir Philip had asset-stripped BHS and caused its collapse. Last month, fashion tycoon Sir Philip appeared before the Business, Innovation and Skills…
Insolvency & Law Shortlisted for “Insolvency and Restructuring Firm of the Year 2016″ award
London-based magazine Finance Monthly, which is distributed to more than 100,000 readers across the globe, recently shortlisted Insolvency & Law (I&L) in the category of British ‘Insolvency and Restructuring firm of the year, as part of the eighth annual Finance Monthly Global Awards. To celebrate the nomination, below, I&L director Peter Murray shares his thoughts…
Some time ago, we presented a winding up petition to a company that owed one of our clients £50k. Upon receipt, the respondent company threatened to apply for a court injunction to restrain us from proceeding and dismiss the petition on the grounds the debt was disputed. The respondent company falsely alleged that £49k of…
Small Business Commissioner to help firms recover billions of pounds from late payments
The government is planning a big shake up in the world of small business debt. Anna Soulby (Minister of Small Business Enterprise) has announced that she is opening a new role in her cabinet for a Small Business Commissioner, whose main responsibility would be to bring about reform in the way large businesses have historically…
According to a report released earlier this year from Bibby Financial Services, the UK construction industry has a very serious problem managing its bad debts. Just over 70% of small, medium and large UK construction firms write off an average of £10,000 per year. Often firms have to write off the debt completely, settle with…
Business Rescue and Insolvency Help for Company Directors
Debtors: We help to protect your interest from adverse proceedings.
