W. Davies advises corporate clients of their options in respect of any potential insolvency of their business, and if necessary can put them in touch with suitable Insolvency Practitioners. We can also advise directors of any ramifications that insolvency of their company may have on them personally.

Often the ‘tipping point’ forcing a company into insolvency, is the liquidation of a key customer owing considerable monies. We can, in conjunction with any Insolvency Practitioner appointed, undertake any court action on the company’s behalf to pursue such monies (and that owed by others).

We regularly advise corporate clients in conjunction with our Commercial Department [link] on how to avoid and minimise the risks insolvency poses to their business. This includes possible restructuring, reviews of floating charges, loan arrangements, terms and conditions, retention of title clauses, factoring of debts and customer profiling and credit control.

We also advise former directors of liquidated companies in respect of actions or threatened actions against them by the liquidator in respect of preference and transactions at an undervalue claims, as well as any claims of misfeasance and wrongful trading or director disqualification proceedings.

We also advise businesses and directors on:

• Statutory demands and applications to set aside.
• Winding up
• Personal Guarantees
• Disputed debts & debt restructuring
• Insolvency litigation
• Receivership
• Turnaround issues
• Retention of Title issues

W. Davies are prepared to take on suitable matters under Conditional Fee Agreement/ Contingent Fee/ Deferred Fee or Third Party Funding arrangements, as appropriate.

Our Insolvency lawyers offer a free, flexible initial appraisal service to Insolvency Practitioners on any litigation/ debt collection issue. This includes preference and transactions at an undervalue claims.

If you are an Insolvency Practitioner, please contact Mark Williams at mw@wdavies.com or Andrew Cohen on aec@wdavies.com