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Insolvency and Business Recoveries Solicitors

Insolvency & Business Recoveries

Insolvency & Business Recoveries

As a creditor led practice, our specialist team advise on insolvency procedures to ensure our sophisticated creditor clients maximise recoveries and/or ensure insolvency practitioners are appointed to make sure that the affairs of insolvent debtors (individuals or companies) are properly investigated to ensure asset recovery actions against associated individuals (including directors) and third parties are pursued thoroughly to maximise the return to creditors. Our insolvency law and practice experts are able to draw on the wider firm to provide tailored advice to our clients who include insolvency practitioners, creditors, debtors, business stakeholders and individuals.

Advising on both corporate and personal insolvency in both transactional and litigation work, the team offers practical, commercial and cost effective advice in a timely manner both in the UK and for those of you overseas with UK interests.

Our team is committed to providing tailored advice, using all of our skills and experience, to offer practical, effective guidance and support throughout the whole insolvency process. We are able to offer flexible fees in certain circumstances and will manage your case with both sensitivity and discretion.

chambers and partners uk 2019

Chambers UK 2019
What the team is known for

Dedicated South Coast insolvency team known for its expertise in non-contentious matters. Assists insolvency practitioners with a full range of matters including administrations and liquidations. Also known for its work on restructurings and turnarounds for lenders and corporate groups. Able to draw on the strengths of its corporate and property teams.

Strengths

Sources note: “Commerciality is the overarching objective behind everything they do.”

One client describes the firm as “a very well-respected South Coast legal practice.”

THE LEGAL 500 UK 2019

Legal 500 2019 Leading firm
Specialist law firm‘ Lester Aldridge LLP is ‘at the top of its game, particularly in non-contentious insolvency‘. The team handles strategic and procedural matters for administrators and liquidators and also advises practitioners on insolvent business transactions, voluntary arrangements, bankruptcies, LPAs, receivership and other distressed property matters. Other major client groups are banks and asset-based lenders, as well as other creditors, stakeholders, contractors and directors of distressed businesses. Strong sectors include real estate, hospitality, marine, healthcare and charity, with the team receiving support from these practices within the firm directly. A highlight from 2017 was the representation of Moore Stephens as administrator of Pinnacle (Angelgate), which included the residential development and sale of a site. JWS Business Recovery, Smith & Williamson, Begbies Traynor and Santander further make up the roster of active clients. Partner Nicholas Keitley and associate Melia Hirst are the key contacts in Southampton.

Meet the Insolvency and Business Recoveries team

Latest News & Blogs

Cross-Border Debt Recovery in a no-deal Brexit
Oct
2018

Currently, when a dispute arises between parties in different countries within the European Union, those parties turn to EU law to determine which country’s laws will apply. If no deal is agreed over Brexit, many of the rules on court jurisdiction and enforcement will be repealed.

House of Fraser Insolvency Solicitors
Jun
2018

You may have heard the news today about House of Fraser announcing a planned Company Voluntary Arrangement (CVA) which if approved, will see the closure of 31 of its 59 stores.

Carillion
Jan
2018

It has been reported this morning that Carillion plc, the UK’s second-largest construction company and a key government contractor along with other group companies, have been unsuccessful in their discussions with stakeholders for a turnaround plan.

Automation Reduces Risk of The Pre-Action Protocol for Debt Claims Non-compliance
May
2017

The latest revision to the Pre-action Protocol for Debt Claims (PAP) will come into force on 01 October 2017. The PAP applies to any business claiming payment of a debt from an individual and describes the conduct that the Court will expect from those parties prior to issuing a Claim Form.

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