Top 10 of 775 law firms for Bankruptcy, Workouts, and Restructuring, Debt and Tax Law

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This area covers insolvency and corporate rescue processes for businesses and individuals, including administration, liquidation, and restructurings such as company voluntary arrangements. A solicitor handling these matters advises on creditor negotiations, prepares and files court or tribunal documents, oversees the appointment of insolvency practitioners, and coordinates efforts to maximise realisations while protecting client interests. Work often hinges on timing, the terms offered by creditors, and compliance with statute and practice directions.

What a solicitor handles in these matters

Insolvency procedures involve statutory frameworks (eg, the Insolvency Act 1986), court filings, and interactions with licensed insolvency practitioners. The solicitor handles document drafting, scheme negotiations, and procedural steps to unlock restructurings, protect directors’ positions, and pursue best outcomes for creditors and shareholders within formal processes.

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