Insolvency

Are you an insolvency practitioner requiring advice?

Being pursued by a liquidator or trustee in bankruptcy?

Owed money from an insolvent business?

The dispute resolution solicitors at Myers & Co act for insolvency practitioners providing specialist advice and acting in the realisation of assets including business sales.

We also advise on a wide range of claims against directors to recover unlawful dividend payments, preferences, transactions at an undervalue, recovery of director’s loan accounts and breach of fiduciary duties.

Alternatively, if you are a former director or bankrupt who is being pursued by an insolvency practitioner then we can advise you on that claim.

In addition, if your business is facing serious financial difficulties, we can help you to understand the options which may include:

• Liquidation or winding up – this is an insolvency procedure where the assets of a company are sold and money generated is distributed to creditors by a liquidator.
• Administration – an administrator is appointed to manage the company, which can involve reorganising or selling assets whilst protected from creditors.
• Company Voluntary Arrangement – in this case the company and the creditors come to an agreement regarding the rate and payment of the outstanding debts and the agreement is supervised by an insolvency practitioner.

At Myers & Co our lawyers can advise on ways to limit personal liability from the outset, giving you some protection if your business should face insolvency in the future.

With our solicitors at your side, you can be assured of the very best legal advice and representation.

Based in Stoke-on-Trent, Staffordshire, our specialist team has helped a wide range of businesses resolve commercial disputes. For further advice contact Myers & Co on 01782 577000.