Insolvency & Business Recovery
We take swift action to reduce the effect of insolvency for our clients and to reduce the long-term impact of financial uncertainty.
Late customer payments, failed delivery of goods and cashflow problems can pose a serious threat to a business, and if left unchecked, may ultimately lead to its insolvency.
Early intervention is critical in turning the situation around and gives the greatest opportunity to minimise the long term effect on your business, its directors and stakeholders. In fact, the sooner you seek professional advice, the wider the range of options which are likely to be available to you and the business.
Our solicitors will respond swiftly with practical and professional advice and support. The team is headed up by John Bradshaw, who has more than 15 years’ experience in insolvency and business recovery issues for professional, institutional, commercial and individual clients across East Anglia.
We handle issues such as:
- Late or partial customer payments
- Cashflow difficulties resulting in late or partial payments to your suppliers, landlord, HMRC or general creditors
- Demands for payment that you struggle to meet on time
- Insolvency proceedings or other debt-related court proceedings against you
- Failed delivery of goods and / or services on time
- A tenant falling behind with rent payments or going into insolvency
- Customers or suppliers going into insolvency, e.g. a company voluntary arrangement, administration or liquidation
- Review and potential re-negotiation of the terms of your company’s voluntary arrangement if the business is struggling to meet those commitments
Our professionals will enable you to make informed, critical, and time-pressured decisions. Among other tasks, we seek to ensure that your rights are protected, and that your own obligations are managed appropriately. Our effective legal support is focused where possible on:
- Preserving the value of your business and assets
- Safeguarding your employees’ jobs
- Maximising the potential returns from customer debts
- Managing relationships with your creditors
- Exploring alternatives to a terminal insolvency event, such as liquidation (e.g. administration of a Company Voluntary Arrangement)
- Reducing the potential for actions against those managing the business in any subsequent insolvency process
For excellent insolvency legal support, talk to our solicitors in Ipswich, Suffolk.
Contact us, we are here to help.