Insolvency and Debt
Financial difficulties can create significant challenges for businesses, directors, creditors and individuals. Obtaining legal advice at an early stage can help identify the options available, manage risk and protect your position.
Our experienced team advises businesses, directors, creditors, individuals and insolvency professionals on a wide range of corporate and personal insolvency matters.
We provide practical and commercially focused advice at every stage, from emerging financial difficulties and debt recovery through to formal insolvency proceedings and related disputes.
Our Approach
Insolvency matters often require prompt and commercially realistic advice.
Our approach is to understand the financial and legal circumstances, identify the principal risks and provide clear advice on the options available.
Where possible, we will explore solutions that may avoid or minimise the need for formal insolvency proceedings. Where proceedings are unavoidable or have already commenced, we will advise and represent you in protecting your interests.
We also recognise that costs are particularly important in insolvency matters. We aim to provide proportionate and cost-effective advice and will keep you informed about the likely legal costs as the matter progresses.
Corporate Insolvency
We advise companies, directors, creditors and other interested parties in relation to matters including:
- Company restructuring and reconstruction
- Administration
- Company Voluntary Arrangements (CVAs)
- Liquidation and winding-up proceedings
- Creditors’ Voluntary Liquidations
- Members’ Voluntary Liquidations
- Business and asset sales
- Retention of title claims
- Director duties in circumstances of financial distress
- Transactions at an undervalue and preferences
- Misfeasance claims
- Wrongful and fraudulent trading issues
- Insolvency-related litigation and disputes
Personal Insolvency
We also advise individuals and creditors in relation to personal insolvency matters, including:
- Bankruptcy proceedings
- Statutory demands
- Individual Voluntary Arrangements (IVAs)
- Bankruptcy petitions
- Creditor claims
- Challenges arising from bankruptcy
- Insolvency-related property and asset disputes
Advice for Directors
Directors of companies experiencing financial difficulties may face important decisions concerning the continued operation of the business.
We can advise directors on their legal duties, potential personal exposure and the options available when a company is unable, or may become unable, to meet its financial obligations.
Seeking advice at an early stage can be particularly important where insolvency is a possibility.
Advice for Creditors
We act for creditors seeking to recover debts from companies and individuals experiencing financial difficulties.
We can advise on the appropriate recovery options, including statutory demands, insolvency proceedings and other enforcement methods, taking into account the value of the debt and the debtor’s financial circumstances.
Language Assistance
Members of our team are able to provide assistance in Punjabi, Hindi and Urdu, helping clients understand their legal position and the options available to them.
Contact Our Insolvency and Debt Team
If you require advice about corporate or personal insolvency, debt recovery or an insolvency-related dispute, contact our team for a confidential discussion about how we can assist.
Telephone: 020 8597 5097
Michael Sawali: ms@mvlegal.co.uk