Business Recovery & Insolvency
Insolvency is the inability to pay debts when they are due, Lawler Draper Dillon can help you with all types of insolvency, large or small, corporate or personal, formal or informal.
For many businesses identifying or admitting financial difficulty comes too late. Not facing up to the problem may ultimately demand more of a price than taking action. Early assessment of a potential insolvency may result in the business or at least part surviving.
There are a number of different forms of External Administration designed to deal with an insolvent company or individual. The most appropriate is dependent on the individual circumstances of the matter and in some cases, an informal appointment is all that is necessary.
Our insolvency experts can assist you with the following:
- Voluntary Administration
- Voluntary Liquidation
- Official Liquidation
- Personal Bankruptcy
- Personal Insolvency Agreements
- Informal Turnaround/Workout
- Advice to Creditors regarding meeting strategies
- Negotiations with Creditors
Recognising the early warning signs of a potential insolvency is not always easy however we have the experience and expertise to give you the right advice at the right time.