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

Business Insolvency Specialists

Our Business Insolvency lawyers represent Insolvency Practitioners, lenders, companies and their directors. The team has extensive experience in:

  • Administrations
  • Business sales in Administration
  • Company Voluntary Arrangements
  • Company liquidation advice
  • Administrative Receiverships and Law of Property Act Receiverships
  • Advising creditors in relation to recovery

Personal Insolvency

Our team also has extensive experience in individual insolvency situations and in particular in:

  • Individual Voluntary Arrangements
  • Bankruptcy cases
  • Arrangements with creditors

Property related insolvency and refinancing

We also have in depth experience in negotiating with particular lenders and bridging lenders in relation to the refinancing of property portfolios and our Insolvency lawyers work in conjunction with our Property specialists, often in restricted timeframes to assist clients in refinancing and the restructuring of debt.

Managing Conflicts with Creditors

Financial problems do not have to mean the end of your business even if creditor litigation threatens or debt covenants have been breached and insolvency seems imminent.

We can help you find a practical solution, including negotiating with your creditors or defending your business from threats of litigation or winding-up petitions. There may be sound legal reasons why a bill remains unpaid and we can help you assess the merits of any defence.

When you contact our insolvency and debt recovery specialists in our Central London offices, we will explore the different options available to you, which will depend on how your business is structured and the level of individual personal financial commitment. If insolvency is unavoidable we have the expertise to support and guide you through the process.

Debt Recovery

At Smithfield Partners we also provide debt recovery services for creditors.

To assist with debt recovery, we can devise a structured credit control strategy for your business and help you implement it. You will control the entire process and only pass cases to us at a suitable, usually pre-determined, stage that is appropriate to your resources.

We have the debt recovery experience to apply significant pressure to difficult customers while avoiding unnecessary damage to ongoing relationships. If debt recovery issues cannot be resolved amicably, we can take your credit control process to the next level by enforcing debts through commercial litigation. This may even involve applications for winding-up debtor companies.

We have also had considerable success in securing favorable outcomes for clients with exposure to insolvency proceedings and we also represent a number of top 20 insolvency practitioners.

Advising a diverse range of clients across the full spectrum of insolvency means we are able to provide a comprehensive debt recovery and insolvency service.

We may be a City of London law firm, but our insolvency and debt recovery team are the most approachable and commercially focused lawyers you will are likely to meet. We will not simply process your file through a detached case management system. Our advice is tailored to your individual circumstances and we are dedicated to providing a personal service which you will rarely find at a City law firm. If you would like more information, contact us today. If you prefer, you can contact one of our insolvency and debt recovery specialists directly viewing their profile.

Your contact for

Anand Pattani


Tel: +44 (0) 207 832 0451
Email: [email protected]