Help for directors
Expert legal advice for directors in financial distress. Navigate insolvency with confidence, and minimise risks. Trust our support for informed decisions.
Our team can provide invaluable legal expertise and support to directors navigating financial distress or insolvency, assisting you in making well-informed choices and minimising potential risks at every step.
Legal advice and compliance: advise directors on their legal obligations and duties under insolvency law, ensuring they comply with all relevant regulations and avoid personal liability for any breaches.
Assessment of options: assess the company's financial situation and help directors understand the available options, such as restructuring, refinancing, administration, or liquidation. We can provide guidance on the most appropriate course of action based on the company's circumstances.
Negotiation with creditors: Negotiate with creditors on behalf of the directors to try to reach agreements for repayment plans, debt restructuring, or other arrangements that can help alleviate financial pressure and avoid insolvency.
Administration or liquidation procedures: If the company needs to enter administration or liquidation, we can guide directors through the process, including preparing the necessary documentation, liaising with insolvency practitioners, and ensuring compliance with legal requirements.
Protection of director's interests: We can help directors protect their interests during insolvency proceedings, including advising on potential liability risks, defending against wrongful trading allegations, and ensuring proper disclosure of information to stakeholders.
Employee rights: If the company is under financial stress and facing insolvency, we can advise directors on their obligations to employees, including redundancy payments and compliance with employment law.
Litigation and dispute resolution: In cases where disputes arise with creditors, shareholders, or other parties during insolvency proceedings, we can represent directors in negotiations or litigation to resolve conflicts and protect their interests.
Restructuring and turnaround strategies: We can assist directors in developing and implementing restructuring or turnaround strategies, focused on restoring the company's financial health and preventing bankruptcy.