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With thousands of companies registering as insolvent in the UK each year, unfortunately insolvency is the destiny of many businesses, particularly in tough economic times.
On the bright side, financial difficulties do not always have to lead to insolvency.
There are many options available to a struggling business and our restructuring and insolvency lawyers will work with you to find the right solution.
This may mean renegotiating supplier agreements, negotiating repayment schedules for debts, corporate restructuring or liaising with insolvency practitioners to consider informal and formal restructuring and insolvency law procedures that may allow continuation of trade. Whatever the case, our office in the City of London will provide sound advice and reassurance.
If the insolvency route is the most appropriate course of action you will need to understand the different types of insolvency procedure. The route you follow will depend on a number of variables and will be dependent on the structure of the business and the position of creditors.
We can talk you through all the available options and make sure you take the best decisions for your commercial future.
Acting for Creditors, Distressed Investors and Insolvency Practitioners
As well as acting for businesses in financial difficulties, Smithfield Partners’ restructuring and insolvency lawyers act for creditors and for investors in distressed debt and distressed equity so we understand the insolvency process from all angles.
We also represent a number of the top 20 insolvency practitioners.
Our Central London based lawyers appreciate that difficult times are tough on individuals and businesses, no matter how big or experienced you are. We work with the same passion and dedication for all businesses, whether you are a sole trader or large corporate entity.
Some law firms in London take a ‘one size fits all’ approach, but at Smithfield Partners our lawyers place a high value on the individual circumstances of each and every one of our clients and will support you through the whole process from start to finish.
The sooner you get us involved, the sooner we can investigate your options and start to get you and your business back on the right track. Contact us today for more information. If you prefer, you can contact one of our lawyers directly by viewing their profile