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Insolvency and Business Recoveries Solicitors

Insolvency & Business Recoveries

Insolvency & Business Recoveries

If you are experiencing financial difficulties, it can be an extremely worrying time. Not only do the consequences affect you, but those close to you, such as partners, children, family and friends as well as those who may have traded or entered into transactions with you. Our insolvency and business recovery team can help you. Early advice is likely to improve your chances of avoiding the potentially devastating consequences of bankruptcy and giving you maximum options. We are experienced in dealing with these situations to ensure that you obtain sensible, practical and cost effective advice on how best to deal with matters to your best advantage.

Our Insolvency and Business Recoveries team can provide:

  • Advice on all available financial options, including alternatives to bankruptcy
  • Guidance for people accountable for insolvent businesses, their dependants and any other third parties facing claims from creditors
  • Managing disqualification proceedings
  • Assisting guarantors in relation to claims made against them under guarantees
  • Supporting co-owners in relation to joint properties and assets that may be claimed against during insolvency proceedings

If you are facing insolvency it is vital that you seek legal advice at an early stage, as failure to do so will severely limit your options. Contact us today for some straightforward advice on how best to manage your affairs and limit your liabilities.

Meet our Insolvency & Business Recoveries team

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.
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