Insolvency

Company Voluntary Arrangements

• Informal Arrangements with creditors where business turnaround can be achieved
• Formal Arrangements or Compositions where situation is more complex or formal insolvency proceedings have begun; allows company and creditors flexibility and avoids insolvent liquidation

Administrations

• Rescue procedure to save company as a going concern
• Sale of business &/or assets to achieve better result for creditors as a whole than would be achievable in liquidation (pre-pack or following a period of post Administration trading)
• Realisation of assets for secured or preferential creditors

Receiverships

• Administrative Receiverships, including a review of the advantages and disadvantages over Administration
• LPA or Fixed Charge Receivership over a specific property or assets; advice on powers under the Charge Document including power to trade

Insolvent Liquidations

• Where all other options have been considered and found not to be appropriate, assistance in placing company into Voluntary Liquidation
• Assistance to directors in producing Statement of Affairs
• Assistance in convening and holding Meetings of Members and Creditors
• Maximising realisation of assets on appointment for purpose of making distribution to various classes of creditors

Advisory Services

• Business & liquidity reviews for financial stakeholders where business insolvent or close to insolvency to assess viability
• Contingency Planning, to review best route out of a crisis whilst at the same time planning an alternative if the rescue cannot be achieved
• Advice to Directors
• Support to Creditors
  • Representation at creditors meetings
  • Supplier Retention of Title
  • Landlords Rights and Remedies
  • Investigations and Reviews