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This area covers insolvency and the recovery of assets in England for businesses facing financial distress or pursuing financial remedies. It includes formal insolvency procedures, administration and liquidation, and actions to trace and recover assets, fraudulently transferred funds, or misapplied company property. A solicitor in this field drafts and replies to petitions, negotiates with directors and creditors, and coordinates with officeholders to protect value and pursue recoveries.
What a solicitor handles in these matters
Insolvency proceedings involve formal processes such as administration, liquidation and running-off schemes, plus enforcement actions to recover assets, set aside void or preferential transactions, and pursue claims against directors or third parties. The solicitor handles petitions, applications, investigations, and liaises with inspectors, administrators and officeholders to maximise realisations and preserve value for creditors.
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