In today’s fast-paced economy, it is an unfortunate fact that some businesses will prove to be unprofitable, short of cash or facing problems which threaten their future.
At Porter Dodson, our insolvency team can provide legal and technical advice for partnerships, individuals, companies and their directors facing financial difficulties; for creditors wanting advice or pursuing payment; and for insolvency practitioners requiring legal knowledge and effective representation.
On behalf of creditors, our comprehensive range of services regarding corporate insolvency situations includes:
- Issuing bankruptcy and winding-up petitions
- Advising on administration
- Assistance in appointing an appropriate Office Holder (Trustee in Bankruptcy or Liquidator or Administrator)
- Creditors’ Committees
- Debt claims
- Protecting property rights
- Rescue, recovery and restructuring
- Referrals to a reputable insolvency practitioner whose practical advice will supplement that given to you by Porter Dodson
For directors, Porter Dodson can:
- Assist and represent you at directors’ disqualification proceedings
- Advise on your duties, on forms of corporate rescue and the continuance of trade/wrongful trading
- Referrals to a reputable insolvency practitioner whose practical advice will supplement that given to you by Porter Dodson
For Insolvency Practitioners, we are able to:
- Advise on aspects of more complicated insolvency law and administration, property and trust matters
- Advise on claims against former directors
- Represent you in litigation on any of these matters