95%+
Value for money
95%+
Success rate
95%+
Would recommend
Describe the legal issue you need help with. We’ll ask a few basic questions to show you relevant law firms who can provide expert advice.
Question 1/5
(Optional)
Reviewing your answers
Your legal matter has been updated and more tailored law firms are now showing.
You're viewing your current answers. Editing them will update the questions and results shown below.
Restructuring plans are a UK-wide rescue tool used to stabilise a distressed company by implementing a binding plan that alters rights of creditors, employees and other stakeholders. Under the Companies Act 2006, a court-backed restructuring plan can be prepared to seal compromises and cross-class arrangements, potentially overriding objectionable creditor classes with a majority vote. A solicitor drafts the plan, negotiates terms, coordinates with creditors, prepares the court petition, and navigates the process through the High Court for sanction and implementation. The aim is to provide a viable route to rescue a business while preserving value for stakeholders.
The solicitor handles the proposed plan, the class clocking, cross-class cramdown mechanics, the court summons and evidence, and the overall scheme documentation, including disruption to existing contracts, employee protections, and creditor rights necessary for plan implementation.
You searched for Restructuring Plans specialists. Here are related areas of law to help you narrow down your results.
95%+
Value for money
95%+
Success rate
95%+
Would recommend