Insolvency

Insolvency

Insolvency can be a confusing and technical area that can affect all aspects of personal and business life. Ronald Fletcher Baker has specialist expertise in this field and industry knowledge of how insolvency can impact the various sectors of commerce. 

We have experience in dealing with both sides of insolvency litigation for individuals, corporate bodies, and insolvency practitioners. The aim of the department is to make what can be a stressful process as straightforward as possible. 

When acting for creditors, a knowledge of the range of various insolvency procedures available and how they individually affect a creditor’s claim is crucial in order to gain an advantage in litigation. Acting early in an insolvency process can widen the options available to creditors. Indeed, implementing insolvency proceedings against debtors can often be not only necessary but an effective method of making a debtor deal with debt. 

We are also instructed by insolvency practitioners in order to pursue potential directors’ disqualification and antecedent transaction proceedings for the benefit of the creditors. We also have experience in dealing with joint tortfeasor claims against directors. 

We have a vast amount of experience in acting for debtors who wish to oppose insolvency proceedings. We regularly make applications to set aside personal statutory demands and injunctions to prevent winding-up petitions. It is important that debtors do not ignore insolvency proceedings and take action to either oppose the same or commence negotiations for payment plans.