Corporate Insolvency and Personal Insolvency Solicitors
Our insolvency solicitors are experts in corporate insolvency and personal insolvency. We advise individuals, businesses, directors, creditors, insolvency practitioners, stakeholders and debtors on all aspects of insolvency law.
Corporate Insolvency Solicitors
Companies in financial difficulty
A winding-up order is a major concern for companies and the presentation of a winding-up petition can have immediate consequences. A petition is usually preceded by a statutory demand or "winding up letter", which requires urgent attention. Our experienced corporate insolvency solicitors can provide expert advice on challenging statutory demands and winding-up petitions issued by creditors. We work closely with you to assess the potential consequences of such actions and recommend the most effective course of action. This may include advising on how to contest the demand or petition and if appropriate whether an application to restrain the advertisement of the petition is also appropriate.
In the event a petition has been presented and advertised, we can guide you through the process of applying for a validation order to unfreeze company assets and bank accounts.
Directors facing investigative action
A company insolvency can lead to claims against its former directors and officers. There are numerous possible actions that can be brought against former directors and officers of companies and our expert corporate insolvency lawyers can help in a manner of claims, including:
- Claims to recover overdrawn directors’ loans;
- Misfeasance claims;
- Claims for preferential treatment of creditors;
- Claims relating to transactions at an undervalue;
- Claims relating to transactions defrauding creditors; and
- Claims pursuant to s216 Insolvency Act and the re-use of a prohibited name, also known as "Phoenix Trading" claims.
Personal Insolvency Solicitors
Our expert personal insolvency lawyers will work closely with you to help you to understand the process and help you to define your objectives. We provide tailored solutions to meet your individual needs.
We can advise on a wide range of issues including:
- Statutory demands
- Bankruptcy petitions
- Annulment applications
- Challenging bankruptcy orders
- Individual Voluntary Arrangements (IVAs)
- Property disputes arising out of insolvency
- Applications for possession and sale of a property made by trustees in bankruptcy
- Administration of insolvent estates of deceased persons
- Debt recovery
- Challenging the remuneration of a trustee in bankruptcy
If you've already been made bankrupt, whether voluntarily or not, we’ll work with you to define your objectives. We’ll help you to consider your options to get out of bankruptcy as well as handling other any issues you might be facing.
Expert legal advice for creditors
If you are a creditor of an individual or a business, you can rely on our years of experience alongside our legal expertise to give you the best advice on how to recover what you are owed.
Our insolvency solicitors understand the challenges faced by creditors. We’ll offer you strategic advice on how to recover debts, including the steps to wind up a company and bankrupt an individual if a statutory demand is ignored, and the implications of a winding-up order or a bankruptcy order.
For detailed advice and guidance from our corporate insolvency solicitors and personal insolvency solicitors, please email insolvency@grantsaw.co.uk or contact us on 020 8858 6971.
