Insolvency Solicitors

Insolvency issues often extend beyond financial difficulties alone. They can lead to investigations into director conduct, disputes with office-holders and claims involving wrongful trading or fraudulent transactions.

Thompson Roderick provides strategic, senior-level advice to individuals, directors and businesses navigating complex insolvency matters.

Available now for urgent instructions.

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What is an Insolvency Dispute?

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Insolvency disputes arise when individuals, companies, directors or insolvency practitioners become involved in legal proceedings connected with financial distress or formal insolvency processes. These matters may include winding-up petitions, bankruptcy, director disqualification, wrongful trading claims or disputes with liquidators and administrators. Early legal advice is often critical in protecting your interests.

We advise on matters including:

– Corporate insolvency
– Winding-up petitions
– Statutory demands
– Personal bankruptcy
– Director disqualification
– Wrongful & fraudulent trading
– Insolvency litigation
– Liquidator investigations

Why instruct Thompson Roderick

Corporate Insolvency
Advice on winding-up petitions, statutory demands and the alternatives to compulsory liquidation.
Personal Insolvency & Bankruptcy
Representing individuals facing bankruptcy and advising on available options, including alternatives where appropriate.
Director Disqualification
Defending directors facing investigations, undertakings and court proceedings.
Wrongful & Fraudulent Trading
Advising directors responding to allegations of wrongful or fraudulent trading and personal liability claims.
Insolvency Litigation
Representing clients in disputes involving liquidators, administrators and contested insolvency proceedings.

What to Expect

You'll deal directly with the solicitor handling your case from beginning to end.

Your matter won't be passed between departments or delegated to junior members of the team. Every client receives direct access to experienced, senior-level legal advice delivered with discretion, strategic thinking and attention to detail.

Initial Discussion

A confidential conversation to understand your situation and immediate priorities.

Initial Consultation

An assessment of your position, risks and available options.

Case Strategy

A clear strategy tailored to the investigation and your objectives.

Ongoing Representation

Advice and representation throughout the investigation or proceedings.

Related Expertise

Access to wider specialist support where your matter crosses legal disciplines.

Facing an insolvency issue, petition, or investigation?

Early legal advice can make a significant difference to your case.

Speak to a specialist solicitor today.

FAQs

What is an insolvency dispute?

An insolvency dispute involves legal issues arising from financial distress or formal insolvency proceedings. These can include winding-up petitions, bankruptcy, director disqualification, wrongful trading claims and disputes involving liquidators or administrators.

What's the difference between wrongful trading and fraudulent trading?

Wrongful trading occurs when directors continue trading after they knew, or should have known, that insolvent liquidation could not reasonably be avoided. Fraudulent trading requires an intention to defraud creditors and may also constitute a criminal offence.

Can I be personally liable for my company's debts?

Generally not, as companies benefit from limited liability. However, directors may become personally liable in certain circumstances, including wrongful or fraudulent trading or breaches of their legal duties.

What happens if I receive a statutory demand?

A statutory demand should never be ignored. If no action is taken, it may lead to bankruptcy proceedings or a winding-up petition. There may be grounds to challenge or set the demand aside, so legal advice should be sought promptly.

Can a liquidator investigate transactions from before the company became insolvent?

Yes. Liquidators have powers to investigate certain transactions made before insolvency, including transactions at an undervalue and preferential payments to creditors.

Can directors defend disqualification proceedings?

Yes. Directors may be able to challenge allegations, negotiate undertakings or defend proceedings before the court. Early legal advice is important to protect your position and professional reputation.

Do you advise both businesses and individuals?

Yes. Thompson Roderick advises companies, directors, insolvency practitioners and individuals across a wide range of contentious insolvency matters, providing direct representation by an experienced solicitor throughout.