Commercial Law | Insolvency
Information & FAQs
Insolvency occurs when a business has more debts than they have assets. A company may be insolvent if it is unable to pay its debts as they fall due. If a company becomes insolvent, it will be wound up by the court if the directors have not already voluntarily put the company into liquidation.
Our solicitors have extensive experience in insolvency and debt collection, acting for both creditors and debtors. We provide insolvency advice for businesses struggling with debt obligations.
We are also able to assist with all aspects of a creditor's rights and interests during the course of a liquidation, including:
- Providing advice to creditors about the different stages of insolvency proceedings;
- advising creditors on their legal rights during insolvency proceedings;
- liaising with insolvency practitioners on behalf of creditors
- defending claims against a company in liquidation; and
- recovering money owed by debtors through liquidation proceedings.