Insolvency law governs the position of businesses and individuals who are in financial difficulties and unable to repay their debts as they become due.
Restructuring, can help this process as debt repayments can become more manageable, making the insolvency proceedings less likely.
Here at Thackray Williams we can help on either side for those who are facing insolvency will assess the situation and highlight all options that are available for the business from reorganising balance sheets, to contacting and negotiating with creditors on behalf of our clients. Where restructuring must occur we will also assist in the litigation process that is necessary. For creditors we can help to assess their validity of their claim, assist in tracing and also provide advice in how to deal with claims with insolvent companies.