Corporate and personal, bankruptcy and liquidations
Every insolvency situation is different. If you or your company is struggling with your finances and unable to pay your bills, there are always options and remedies available to you which will hopefully mean a satisfactory outcome for everyone involved.
Insolvency can be a complex process, involving various areas of law, including employment, tax, property, family and others. At Nelsons, our team of specialist solicitors in Derby, Leicester and Nottingham have the experience to know how to handle each type of insolvency situation, minimising risk and safeguarding clients’ positions.
Need advice? Contact us to find out how we can helpHow our insolvency solicitors can help
Our team, which is recommended by the independently-researched publication, The Legal 500, advises individuals, businesses and insolvency practitioners at all stages of the insolvency process, from early difficulties paying debts through to formal insolvency proceedings.
There are many advantages to getting our team involved straight away. As part of our credit management service, financial challenges can be managed and, through training, contract reviews and preventative support, insolvency may be avoided altogether.
Our solicitors can advise on a variety of insolvency-related issues, including:
- Avoiding insolvency altogether, if appropriate
- Administration
- Liquidation
- Company Voluntary Arrangement (CVA)
- Law of Property Act Receivership (LPA Receiver)
- Bankruptcy
- Individual Voluntary Arrangement (IVA)
- Disputing winding up petitions
- Antecedent transactions
- Restructuring
- Personal guarantees
- Recovering debts owed by an insolvent individual or business
When it comes to insolvency it is vital that both debtors and creditors act quickly. A debtor could face more punitive restrictions the longer their debt goes unpaid. In respect of creditors, they need to act quickly to ensure they recover as much as is feasibly possible from insolvent debtors. Regardless of your circumstances, it is important to obtain legal advice as soon as possible.