We act for creditors, companies, liquidators and insolvency practitioners in defending and commencing actions against directors relating to their personal liabilities in winding up.
We regularly work alongside highly experienced liquidators, receivers and managers to recover and realise the company’s assets in the most advantageous manner to the creditors. As an extension to this area of practice, the firm has acted and continues to act in instances where directors of insolvent companies have been taken to court to answer to claims of misfeasance. We are experienced in handling both voluntary and compulsory liquidation scenarios.
Apart from corporate insolvency, the firm also advises clients on a personal level wherein we act for debtors and creditors in their respective predicaments arising from bankruptcy. We advise and deliver practical solutions to maximise recovery for creditors in a timely manner or conversely, in assisting debtors to oppose insolvency proceedings and reaching an amicable solution.
The team prides itself on exploring various means to address personal insolvency, be it through negotiations with creditors or by analysing the available alternatives through litigation as a means to reach a desirous outcome.
We often act for debtors and creditors alike from the commencement of insolvency proceedings in the High Court and up on appeal to the Appellate Courts. The team is well versed with the amendments to the legislation and often advise clients on the Voluntary Arrangement scheme available to a debtor under the new legislation.