Winding-Up & Bankruptcy Proceedings

Financial distress can raise urgent questions for creditors, companies and individuals. We advise and represent clients in corporate winding-up matters under the Companies Act 2016 and individual bankruptcy matters under the Insolvency Act 1967.

Winding-Up & Bankruptcy Proceedings

• For creditors, we assess : the debt, the supporting documents and the appropriate route for recovery before insolvency proceedings are considered. A winding-up petition or bankruptcy process carries consequences beyond an ordinary debt claim, so the basis for taking that step must be reviewed carefully. We assist with the relevant demands, applications and court proceedings where appropriate.

Winding-Up & Bankruptcy Proceedings

• We also act for companies and individuals responding : to threatened or commenced proceedings. This may involve examining whether the alleged debt is disputed, whether payment or settlement is possible, and what applications or responses are available. Where a winding-up petition is threatened, we advise on the circumstances in which protective relief may be sought. Our work focuses on the client’s legal position and the practical effects of the proposed course, including its impact on operations, assets and other stakeholders.