Advice for Businesses
Business failure or business rescue? The answer will depend on how quickly you can recognise there is a problem, take action, and seek advice to resolve it. Some of the things we have advised businesses on include:
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Buying property or assets of an insolvent business from a liquidator or administrator
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What is liquidation, administration, receivership or a company voluntary arrangement? What do they mean for a business and how to gain the benefits and obtain the protection
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Advice to company directors and business owners about how to act in an insolvency situation to avoid claims being made against you
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Defence of Company Directors Disqualification Act proceedings, defence of claims brought by liquidators and administrators for breach of director's duty, voidable preferences, transactions at undervalue, transactions defrauding creditors or breaches of the Companies Acts
- Retention of title claims
- Employee issues
- Being a creditor in somebody else's insolvency, what to expect and what you can do
- Advice about lending when insolvency may be pending over the borrower
- Using bankruptcy or winding-up petitions as a means to collect debts
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