Insolvency

Our experienced insolvency barristers work with SME businesses providing clarity and legal advice on formal insolvency procedures, including since the UK went into lockdown in March 2020. Whether your business is facing a winding up petition, creditor pressure or just looking to restructure – our barristers have the expertise to advise you on the best way forward. If you fear that you may be operating a distressed business, the first thing you should do is seek help and advice from the experts. It is important that you take the right steps, as quickly as possible, as it could mean the difference between a rescue for your business or closure for example by a winding up order.

3PB Direct specialist insolvency barristers also help insolvency practitioners carrying out individual or commercial insolvency related legal work for both creditors and debtors. This frequently means issuing winding up petitions, bankruptcy petitions, debt collection and administration orders. 3PB have built up excellent relationships with a large number of insolvency practitioners supporting them and their clients.

We have seen, following the unprecedented COVID-19 pandemic, both insolvency practitioners and businesses seeking guidance from us and the courts to assist them in tackling a wide range of novel issues, such as the recent restaurant chain Carluccio’s administration and the law on implied agreement in respect of proposed/purported contract variations in the context of the new Coronavirus Job Retention Scheme. Our team of insolvency barristers provide clear and concise legal advice during the Covid-19 pandemic.

You can get advice and representation in court across all aspects of insolvency from our insolvency law experts including:

• Administration
• Bankruptcy advice
• Company voluntary arrangement (CVA)
• Compulsory liquidation
• Covid-19 legal advice incl Coronavirus Job Retention Scheme
• Creditors voluntary liquidation
• Directors liability and disqualification
• Distressed businesses
• Individual voluntary arrangement (IVA)
• Insolvency Practitioners duties and responsibilities
• Insolvency Law
• Insolvency warning signs
• Members voluntary arrangements (MVL)
• Personal guarantees
• Trading whilst insolvent

Call 03333 231 586 today for expert advice on any insolvency law issues.