This area covers corporate insolvency and restructuring in England, including how and when companies reorganise assets, finances and operations to avoid liquidation. A solicitor in this field handles administration, liquidation, company voluntary arrangements, and pre-pack sales, drawing on acts such as the Insolvency Act 1986 and related rules. They draft and negotiate proposals, act for directors, creditors and purchaser interests, prepare court or office-holder applications, and advise on directors’ duties and potential liability arising from failed ventures.
What a solicitor handles in these matters
Solicitors prepare administration or liquidation proposals, liaise with office holders, draft CVAs and pre-pack agreements, review transactions for avoidance or challenge, and manage creditor workflows and reporting. They handle interactions with the Official Receiver, administrators, liquidators and creditors committees, and ensure compliance with statutory timetables and duties borne under insolvency procedures.
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