Insolvency practitioners, funders and creditors alike may all need to resort to litigation when a struggling company faces insolvency.
Claims can be made in respect of wrongful trading, retention of title; directors’ duties and disqualification and unfair preference and gratuitous alienation.
How we can help
At Else Solicitors, we have experience of acting for clients on a regular basis in applications for liquidation, administration and sequestration proceedings, agreeing insolvency practitioners’ remuneration and actions to recover assets.
Examples of the types of cases we have successfully acted in are:
- Acting for a liquidator in a successful preference action – seeking recovery of money and assets from former directors.
- Advising for insolvency practitioners in relation to the recovery of unlawful dividend paid.
- Acting for both insolvency practitioners and third parties in cases brought for transfer of assets at an undervalue.
- Acting for a consortium of creditors and advising in relation to retention of title claims amounting to some £2m when a large retailer went into administration.
For more detailed legal advice on how we can help, please contact the dispute resolution team on 01283 526200, alternatively you can send us a message and we will get in touch at a time that suits you.