Understanding insolvency and bankruptcy
Insolvency arises when a business or individual is unable to meet their financial obligations as they fall due. Early legal advice is essential to assess the situation, protect your position, and consider available solutions.
For businesses, this may involve restructuring, negotiating with creditors, or entering into formal insolvency procedures. Directors must also be mindful of their legal duties when a company is facing financial distress.
For individuals, bankruptcy may be one of several options available depending on the circumstances.
Our role is to provide clear guidance on your responsibilities, potential risks, and the most appropriate course of action.
How we can help
Advising directors on duties and risk
We provide guidance on directors’ responsibilities when a company is insolvent or approaching insolvency.
Business restructuring advice
We advise on options to stabilise and restructure a business where possible.
Formal insolvency procedures
We provide legal support in relation to administration, liquidation, and other formal processes.
Creditor negotiations
We assist in negotiations with creditors to seek practical resolutions.
Bankruptcy advice for individuals
We advise individuals on bankruptcy proceedings and alternative options.
Protecting your legal position
We ensure compliance with statutory requirements and help minimise potential personal liability.
Legal Aid
Assessing eligibility and advising on funding options where Legal Aid may be available.
Prenuptial Agreements
Preparing agreements to protect assets and clarify financial arrangements before marriage.
