Top 10 of 484 law firms for Business Recovery, Business Law

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In England, Business Recovery covers distress and rescue options for financially troubled companies, including administration, company voluntary arrangements, and liquidation. A solicitor helps directors prepare financial information, negotiate with creditors, and prepare or review proposals to rescue the business or orderly wind-down. They draft and lodge applications to court, liaise with insolvency practitioners, and advise on director duties and asset protection throughout the process, aiming to maximise value for creditors while meeting statutory duties.

What a solicitor handles in these matters

The solicitor handles the technical steps of rescue and liquidation, including drafting administration and CVA proposals, compiling statutory notices, coordinating with Office of Communications and Insolvency Service actors where relevant, and guiding clients through court procedures. They manage creditor communications, asset realisations, employee issues, and potential outcomes under the Insolvency Act 1986, Companies Act 2006, and associated rules.

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