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This work covers analysing a debtor’s solvency, identifying rescue or wind‑up options, and advising on creditor recoveries. A solicitor in this area reviews financial statements, company reports, and cash‑flow projections; drafts and negotiates with creditors, directors and insolvency practitioners; prepares statements of affairs, proofs of debt, and related notices; and may assist with applications for administration, liquidation, Company Voluntary Arrangements, or other protective steps under the Insolvency Act 1986.
What a solicitor handles in these matters
A solicitor in insolvency analysis assesses complex financial information, identifies opportunities for restructuring, and coordinates with licensed insolvency practitioners to progress an outcome. They manage investigations, prepare reports, and communicate with creditors, directors and court or official receivers, explaining the consequences of each route, the timing of filings, and the likely impact on assets and liabilities.
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