Insolvency

The technical definition of insolvency means the inability to pay one’s debts as and when they fall due. For individuals, this could well lead to bankruptcy and for companies a winding up and/or eventual dissolution of the company.

Our experience in this area of the law relates to the following:

  • Personal Insolvency (bankruptcy).
  • Statutory demand
  • Petitions in bankruptcy
  • Corporate insolvency (winding up)
  • Members voluntary liquidation
  • Creditors voluntary liquidation
  • Compulsory liquidation

As the economy is now in a recession, we are able also to advise on the consequences of actions taken by creditors, be they individuals or institutions, relating to:

  • Distressed debt
  • Personal guarantees
  • Claims made by trustees in bankruptcy or liquidators in respect of payments received by or from bankrupt individuals and companies in liquidation.

Please contact:

John Kenneally - Partner

DD +44 (0)20 7553 6001

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