Insolvency Solicitors
Protecting your interests in times of financial difficulty
Whether you are a business owner facing insolvency or a creditor dealing with the fallout of a failing company, financial difficulties can be overwhelming. When financial stability is at risk, clear and practical legal advice is essential. Our team understands the complexities of insolvency law and will guide you through your options with straightforward, professional support.
Creditors
The uncertainty surrounding an insolvent customer or supplier can be frustrating. You may be unsure whether to take legal action, where your claim stands in relation to other creditors, or what rights you have against directors. The situation may be further complicated if a business suddenly ceases trading, only to continue under a new name the next day. Whether you are dealing with liquidation, administration, or an unresponsive insolvency practitioner, we can help you take the right steps to protect your position.
Company directors and debtors
The prospect of insolvency brings difficult decisions; you may be concerned about personal liability, the impact on your assets, or how best to deal with mounting financial pressure. If your business is already in an insolvency process, you may be facing claims against you personally. In every case, acting early is key to understanding your rights and responsibilities and finding the best way forward.
We provide practical legal advice on all aspects of insolvency, from winding-up petitions to director disqualification, ensuring you have the clarity and confidence to handle the challenges ahead.
How our expert team can help you
Winding-up petitions
A winding-up petition is a serious legal action that can lead to the forced closure of a business. If your company has received a petition, acting quickly can open up options to challenge or resolve the claim. For creditors, we can assist in presenting a petition and enforcing outstanding debts.
Personal claims against directors
When a company enters insolvency, directors may face personal claims for wrongful trading, misfeasance, or breach of duty. These claims can put personal assets at risk. We advise directors on their legal position, potential defences, and the best approach to mitigate liability.
Administrations
Administration can provide struggling businesses with breathing space to restructure or find a buyer while protecting them from creditor action. Whether you are a director considering administration or a creditor impacted by one, we offer legal guidance on the implications and next steps.
Company restorations
If a company has been dissolved but needs to be reinstated, perhaps to recover assets or pursue legal action, we can assist with the restoration process. We guide directors, shareholders, and creditors through the necessary court applications or administrative restorations.
Bankruptcy petitions
Bankruptcy is a serious step for individuals facing overwhelming debt. If you are considering this option, or have been served a petition, we can advise on your rights, responsibilities, and possible alternatives. We also assist creditors looking to recover debts through bankruptcy proceedings.
Directors’ duties claims
Company directors have legal duties to act in the best interests of the business and its creditors. When insolvency occurs, alleged breaches of these duties can lead to claims and financial penalties. We help directors understand their obligations and defend against potential claims.
Director disqualification
If a director is found to have acted improperly, they may face disqualification proceedings, preventing them from managing companies for up to 15 years. We assist directors in responding to investigations, negotiating settlements, and contesting disqualification where appropriate.
Our other insolvency services
Meet our team
Why work with Mayo Wynne Baxter
Our solicitors tailor our approach to each case, utilising our expert knowledge to achieve the best possible outcome for you. Our services cover a wide range of legal areas, including property, lending, and commercial matters.
- Personalised legal strategies
- Efficient dispute resolution process
- Focussed on client satisfaction, aiming to resolve disputes efficiently and effectively
Memberships and awards
Our specialist team are here to help you and guide you through the legal process. We pride ourselves on providing exceptional service from outstanding people.
If you’d like to speak to a member of our team, please fill out the enquiry form. We will aim to reply to your query within 4 hours.
Need to speak to someone sooner?
Call us: 0800 84 84 101
What to expect when you contact us
- Once you have completed the contact form or called us, our client service team will call you back, to ask a few questions including your preferred method of contact. This information is then passed directly to the Legal Adviser who will be working for you. Once you are happy to proceed we will gather all the relevant information and your file will be opened almost immediately so we can start work.
- A member of the Client Service Team will keep in contact with you on a regular basis throughout your transaction, to make sure you and them are satisfied with the progress of your matter. There is no additional charge to you for their involvement.
- We are here to assist you and ensure everything proceeds as smoothly as possible. You will have direct contact details for the client service team, who you can contact at any point during your matter.
Our aim is to make the process as easy and uncomplicated as possible for you.