The company is heading into financial difficulty

The earlier you act, the more options you keep: an agreement with creditors, preventive restructuring or restructuring in court.

Areas: Restructuring · Legal · Tax

What needs to be settled

Whether insolvency is looming, and what it means for the directors
Which creditors to bring in, and in what order
Whether an out-of-court deal with creditors is enough, or preventive restructuring or court is needed

Typical matters in this situation

Out-of-court and preventive restructuring

Cash is running short and creditors are pressing

What this helps you avoid Creditor pressure turning a cash problem into insolvency.

Area: Restructuring and insolvency →

What is included

Liquidity review
Standstill and creditor negotiation
Restructuring plan, confirmed by court where needed

Details

Not included in the price

Court fees
Fees of persons appointed by the court

What affects the price

Number of creditors
Whether court confirmation is needed

Pricing

Hourly, with a cap

Discuss this matter

Reorganisation in court

Insolvency is on the table, but the business can survive

What this helps you avoid Bankruptcy of a business that could have been saved.

Area: Restructuring and insolvency →

What is included

Viability assessment
Petition and reorganisation plan
Creditor negotiations and vote

Details

Not included in the price

Court fees and the advance on costs
Insolvency trustee's opinion and fees

What affects the price

Number of creditors
Complexity of the plan
Contested votes

Pricing

Hourly with a cap for each stage, or statutory tariff

Discuss this matter

Director liability review

The directors are worried about liability

What this helps you avoid Personal liability for decisions taken while the company was in trouble.

Area: Restructuring and insolvency →

What is included

Duty assessment
Board records
Action plan

Details

Not included in the price

Representation in proceedings against the directors

What affects the price

Number of directors and companies
Period under review

Pricing

Fixed once the scope is agreed

Discuss this matter

Creditor representation

A key customer or supplier is insolvent

What this helps you avoid Losing your claim to a missed filing deadline.

Area: Restructuring and insolvency →

What is included

Claim filing
Creditors’ committee
Avoidance actions and recovery

Details

Not included in the price

Court fees in avoidance actions

What affects the price

Number of proceedings
Whether avoidance actions are needed

Pricing

Hourly with a cap for each stage, or statutory tariff

Discuss this matter

Debtor's bankruptcy filing

The company is insolvent and rescue no longer makes sense

What this helps you avoid Personal liability of the directors for a petition filed late or not at all.

Area: Restructuring and insolvency →

What is included

Insolvency test and the filing deadline
Bankruptcy petition with lists of assets and liabilities
Working with the trustee during the bankruptcy

Details

Not included in the price

Advance on the trustee's fee or the costs of the proceedings

What affects the price

Number of creditors and contracts
State of the accounts and records

Pricing

Hourly with a cap for each stage, or statutory tariff

Discuss this matter

Documents for your internal approval. What you can take to your board, CFO or bank before anything is signed.

Engagement letter: scope, fee, dates
Contract for legal services
Conflict check confirmation
The lawyer assigned to work with you
Professional liability insurance certificate

Other situations

Tell us what is going on.

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