When a personal guarantee has to be given in order to give a lender the security it needs, the guarantor hopes that the guarantee will never be called in. However, when it is, the loss suffered by the guarantor will normally qualify as a loss for Capital...
Our insolvency team works closely with our Dispute Resolution & Litigation team in advising individual creditors on the recovery of money from debtors and which may include the commencement of bankruptcy or winding-up proceedings or working with the office holder where formal insolvency proceedings have begun.
We regularly advise individuals who have been served with a statutory demand or a bankruptcy petition and who need advice on their options and what steps they should take.
We also act for individuals who are considering their options with regards to their financial position and we can assess what, if any, insolvency route is appropriate. We can undertake informal negotiations with creditors or commence a more formal insolvency process. We work closely with insolvency practitioners who can assist on an IVA proposal or voluntary bankruptcy process if appropriate.
Our team advises individuals who are the subject of bankruptcy proceedings or an IVA on any claims or potential claims which may be or are being brought by a Trustee in Bankruptcy or Supervisor.
Whether you are a creditor or a debtor, you can be assured that our insolvency team will provide a high quality service and we will deal with your matter in a professional and expedient manner. If formal insolvency proceedings have been or will be commenced, you can be assured that our lawyers will provide a robust and vigorous representation of your case to achieve the best outcome for you.
For further information, please contact: