In the current climate, with the increase in remote working even prior to Covid-19, this question is likely to arise frequently and is one we have already had to consider in the context of a members voluntary liquidation.
We can help you find practical solutions and secure results in both corporate and personal insolvency situations.
Our corporate restructuring and insolvency team provide expert advice to businesses facing insolvency-related challenges.
This can include pro-active assistance with credit control for businesses struggling with cash flow, both in relation to debt collection and supplier payment.
Where more significant intervention is required, we advise on restructuring options for businesses including corporate and equity restructuring, voluntary arrangements, administrations and liquidations.
We regularly work with Insolvency Practitioners appointed as administrators, receivers or liquidators, advising them on matters ranging from the validity of their appointment to the recovery and realisation of assets.
For individuals facing potential bankruptcy, we can advise and assist in relation to the process and the options available, including individual voluntary arrangements.
Our insolvency lawyers can draw on their own specialist knowledge as well as expertise available from the wider team at Owen White in commercial property, employment and franchising to provide relevant and pragmatic advice to our clients.
Acting for a Respondent
Acting for a Respondent in an application by a Trustee to set aside transactions at undervalue/to defraud creditors. Successfully settled with a six-figure payment to our client.
Advising administrators in a proposed pre-pack administration on the validity of an assignment of a debenture and a legal charge.
restructuring and administration
Advising a well-known brand on their restructuring and administration options and the impact of this on current and potential litigation.
Assisting a franchisor client on recovery of substantial sums loaned to franchisees.
Successfully negotiating withdrawal of statutory demands for six figure sums against a health insurance company.
obtain a freezing order
Advising an Insolvency Practitioner appointed as administrator in relation to obtaining a freezing order preventing anticipated dissipation of assets.
- Corporate insolvency – voluntary arrangements, administrations, liquidations
- Business rescue and restructuring
- Acting for Insolvency Practitioners appointed as administrators, receivers or liquidators
- Advising on directors’ duties and obligations
- Winding up petitions
- Transactions at undervalue/antecedent transactions
- Wrongful/fraudulent trading
- Advising clients on methods of debt enforcement and recovery of assets
- Personal insolvency and bankruptcy