“Philip Banks-Welsh heads the ‘tuned-in‘ two-partner group at Withy King, which is praised for its ‘knowledgeable' and ‘commercial' approach.
The Legal 500 UK 2009 Edition
Whatever the situation, you can expect to receive no nonsense, 'plain English' advice to ensure that, whatever the circumstances, the impact of insolvency on you or your business is minimised. The availability of specialist advisors means that you will have the peace of mind that comes from knowing that your matter is in experienced hands.
Company Insolvency
If your company is struggling to make ends meet, through poor cash flow or otherwise, then you may well have considered placing the business into insolvency. Our lawyers can guide you through the process, provide advice in relation to each stage and look at minimising the adverse impact on officers of the company as well as the company creditors. We recognize that not all businesses which are suffering a downturn in economic fortunes are necessarily destined to become insolvent and we can advise on potential strategies to avoid formal insolvency. We have extensive experience in significant experience in dealing with restructuring matters and assisting in obtaining corporate finance as well as advising office holders in all aspects of restructuring.
Alternatively, you may be a creditor of a company that is potentially insolvent and require advice regarding maximising your return and protecting your position. Our lawyers can provide the relevant advice and also explore the possibility of commencing insolvency proceedings against the debtor company.
Bankruptcy
Our bankruptcy department deals with all aspects of bankruptcy and can provide advice to individuals with debt issues and help you explore your options. In some instances bankruptcy represents a realistic option for debtors and our lawyers can provide advice in relation to the bankruptcy process and assist you in your dealings with any Trustee in Bankruptcy. Our lawyers are also able to provide advice in relation to the alternatives to bankruptcy including Individual Voluntary Arrangements ('IVAs') and in some instances are able negotiate on your behalf with your creditors.
In addition we have vast experience in acting for creditors of individuals looking to recover a debt which may involve commencing bankruptcy proceedings against the individual debtor. Whatever the options open to you as a creditor we will help you maximise your return and protect your position.
Insolvency Practitioners
The team includes experienced practitioners in insolvency disputes, corporate services, employment, construction, intellectual property and commercial property. It draws on specialist knowledge, gained over many years of representing Insolvency Practitioners in their official capacity a Liquidators, Receivers or Trustee’s in Bankruptcy. This experience ensures that the team are able to maximise the potential for a successful recovery through the return of assets and/or the recovery of debts in order to maximise returns for creditors. In addition, we have experience in analysing prior transactions by the individual debtor or company which may amount to transactions at an undervalue or preference payments. Contact us today to see how we can help.
