Being prepared for all eventualities makes good business sense for all stakeholders and should mean fewer surprises.
The crucial factor in rescuing a business and protecting creditor’s rights is the early involvement of trained specialists. We have comprehensive experience of planning and executing formal insolvency processes, across many sectors and businesses ranging in both complexity and size.
So you can understand how we review businesses and make conclusions on what changes should be implemented we have broken down all of the underlying elements taken in to consideration.
All advice given is highly confidential.
Contentious Insolvency: The Contentious Insolvency Team comprises specialists from our business restructuring and forensic teams, working as an integrated unit in contentious cases involving litigation, fraud and asset tracing. Our dedicated team includes Licensed Insolvency Practitioners, forensic accountants and computing experts, former banking professionals and law enforcement officers, financial investigators and regulators, and in-house lawyers. Read more..
Contingency planning: our thorough planning prior to the commencement of insolvency procedures will ensure that options and contingency plans are set out from the start. For example, certain asset realisations attract tax charges - we will explore the most tax efficient sale time and method for assets and, of course, balance that with the other risks and stakeholder needs.
Creditor services: we are able to represent clients at creditors' meetings and assist in the mitigation of claims and provision of an independent report on recovery prospects.
Formal Insolvency: we know the crucial factor in rescuing a business and protecting creditors' rights is the early involvement of trained specialists. Our licensed insolvency practitioners take a commercial and realistic approach to our assignments, working in conjunction with existing management to ensure the best outcome.
Personal Insolvency: we know the crucial factor in rescuing a business and protecting creditors' rights is the early involvement of trained specialists. Our licensed insolvency practitioners take a commercial and realistic approach to our assignments, working in conjunction with existing management to ensure the best outcome.
Corporate streamlining: where clients are incurring costs for dormant companies, we are able to effectively advise and assist corporate streamlining through solvent liquidations and company dissolutions, thereby eliminating potential contingent risks. Our knowledge shows that our clients have not only benefited from eliminating unnecessary costs of dormant companies but, against a backdrop of recent high profile corporate failures, peace of mind from mitigating potential contingent risks.
We have a team that specialises in personal debt and works with financial institutions and other creditors to maximise their recoveries, whether that is as part of their debt collection strategies or finding innovative solutions by working with them and their clients. Formal insolvency is, regrettably, a fact of life and our extensive experience in this area assists our clients to review the options available to them and access prospects of recovery. Whilst there will always be debtors that 'can pay, won't pay', where we can assist with the debt collection, we are advising more and more on situations involving 'asset rich, cash poor debtors' where we can assist in formulating an agreed strategy between stakeholders, whether by way of a non statutory restructuring or using the legislative procedures available.
Our Glasgow Office has a team specialising in the bankruptcy of individuals through the administration of Sequestrations and Trust Deeds which are particular to Scotland. We assist individuals in dealing with their creditors and maximise dividend prospects for creditors.
Other areas where we can offer support to you and your clients include:
• Strategy Consulting
• Tax Investigations
• Post sale warranty claims
• Due diligence – financial, operational, management
• Asset tracing and recovery
• Litigation support
• Expert Witness
• MBO / MBI