You may come across the situation where a business or an individual admits to owing you money but is unable to pay. In those circumstances it may be appropriate to consider commencing insolvency proceedings against the debtor.
Whilst insolvency proceedings should never be used to seek to recover a debt that is genuinely disputed, in appropriate circumstances it may be the only way in which you can seek to recover the monies owed to you.
Our Business Disputes Team is experienced in all aspects of insolvency and is able to advise and assist in the following matters:-
You may also experience a creditor who is threatening you with insolvency proceedings which you wish to dispute. A Winding Up Petition or a Bankruptcy Petition can be opposed in certain circumstances such as the debt is genuinely disputed, you have a claim against the creditor which would extinguish or exceed the amount being pursued or that you do have the ability to pay the debt.
If a creditor is threatening you with insolvency proceeding,s we can advise and assist you in the following:
Our Business Disputes Team is also experienced in advising and assisting Liquidators who have been appointed after a Winding Up Order has been made against an insolvent company. We can assist Liquidators in dealing with:
Whatever the insolvency issue our Business Disputes Team is able to assist, but as always where potential issues arise the sooner you seek advice the better.
We can help you with any of the following: