Insolvency is not just a risk for small businesses – the collapse of Lehman Brothers and other multinationals in the recent global financial crisis again demonstrated that even large and established companies are not immune to business failure. Certainly, new ventures face greater challenges and risks. Current figures estimate that only 45% remain in operation after 3 years.
Our Insolvency and Recoveries Group works with creditors, insolvency practitioners and those failing businesses that require advice on all aspects of recovery, turnaround and insolvency. We also help clients avoid formal insolvency proceedings through timely, strategic advice and proactive intervention.
Our expertise covers:
- Administration
- Voluntary arrangements
- Receiverships
- Liquidations
- Sales and purchases of bankrupt businesses