Restructuring & Insolvency
If your business is facing financial difficulties you need technical and practical specialist advice to quickly protect your interests and determine your best solution when it comes to restructuring, recovery or exit.
How we can help
We understand how devastating insolvency issues can be and the pressures that you face. We are on hand to provide advice and assistance in regards to the full range of corporate insolvency disputes as quickly and effectively as possible to limit the damage caused.
We can help with both corporate and personal insolvency issues and work with business owners, directors and professional service advisers. Our experts spend time discussing the options available to devise a timely and cost effective solution to help resolve the situation as quickly as possible.
As a full service firm we can also easily draw on the expertise of our specialists in related fields, including commercial property, construction, contractual disputes, debt recovery, employment and intellectual property, to provide a seamless service, ensuring that complex problems are resolved efficiently. See below for further information on how we can help you.
For further information about Company Voluntary Arrangements and Restructuring Plans, whether you are a company considering one or you are a landlord with a tenant in financial difficulties, please contact Neil Harrold.
Directors and their company
We cover:
- Advice to directors on duties and risk minimisation strategies
- Advice to troubled companies on restructuring options
- Defending directors and others facing investigation and / or asset recovery procedures by office-holders
- Defending directors facing proceedings under the Company Directors Disqualification Act 1986
-Defending directors facing criminal prosecution
Insolvency Practitioners
We cover all types of corporate and personal insolvency and restructuring procedures, including:
- Administrations
- Company Voluntary Arrangements
- Moratoriums
- Restructuring Plans
- Law of Property Act (fixed charge) Receiverships
- Members’ Voluntary (solvent) Liquidations
- Creditors’ Voluntary Liquidations
- Compulsory (court ordered) Liquidations
- Individual Voluntary Arrangements
- Bankruptcies
Secured creditors
We cover:
- Advice on validity of security
- Advice on options for enforcement
- Prepare appointments of administrative receivers (if permissible), LPA receivers (if fixed charge held) and administrators (if qualifying floating charge held)
Unsecured creditors
We cover:
- Advice on recovery options, including potential for winding-up petitions and administration applications
- Advice on preventative and risk mitigation strategies
- Advice on retention of title and trust claims
Investors
We cover:
- Advice on purchases of assets and businesses of insolvent companies
Sales of assets and businesses of insolvent companies
We cover:
- Advice on sales of assets and businesses of insolvent companies
Investigation and asset recovery procedures
We cover:
- Informal examinations of company directors and bankrupts
- Examinations under ss. 236 (company) and 366 (individual) Insolvency Act 1986
- Misfeasance under s. 212 Insolvency Act 1986
- Wrongful trading under s. 214 Insolvency Act 1986
- Transactions at an Undervalue under ss. 238 (company) and 339 (individual) Insolvency Act 1986
- Preferences under ss. 239 (company) and 340 (individual) Insolvency Act 1986
Chambers & Partners
Legal 500
Chambers & Partners
Legal 500
Meet the team
Neil Harrold
Partner
Neil deals with all aspects of insolvent and distressed businesses, including advising insolvency practitioners, directors and senior management, secured and unsecured creditors, as well as investors looking for opportunities to regenerate businesses.
neil.harrold@hay-kilner.co.uk 0191 227 6713
Charles Danjoux
Solicitor
Charles is a Solicitor in our Corporate team.
charles.danjoux@hay-kilner.co.uk 0191 232 8345
Beth Langley
Trainee
Beth joined Hay & Kilner as a Paralegal in the Corporate team having worked in the legal sector in the North East for a number of years. She has began her training contract and is currently sitting in our Employment team.
beth.langley@hay-kilner.co.uk 0191 232 8345Relevant insights & events
Our regular restructuring & insolvency updates and events keep you up to date with all the latest legal developments you need to know about.
Get in touch
For further information on how we can help, click below to leave us a message and we will be back in touch as soon as possible.