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Insolvency - Introduction
There are many different types and forms of insolvency
and not all of them result in the end of a company or bankruptcy
for the individual. The crucial point with insolvency matters for
the client is to seek professional advice at as early a stage as
possible, whether that be from a solicitor or Licenced Insolvency
Practitioner.
We work with many insolvency practitioners both large and small
as well as representing companies and individuals with financial
difficulties.
We advise at the outset upon the prospects of recovery for a business
or individual and the time frame and costs involved in achieving
the client’s goal. The law of insolvency can seem like a maze
to the client and so it is often a case of offering practical advice
and solutions that the client can relate to and which really will
work in either saving a business or ensuring it is brought to an
end in the correct way to ensure no personal liability on the part
of its directors.
With individual clients facing personal bankruptcy the problems
are often more acute and real for that person, but at Hegarty LLP we try and ensure the client is fully aware of all their options
at the outset to plan their financial rescue or whatever that client’s
objective may be to achieve that in the shortest time possible with
the minimum of fuss and expense.
Clients
Our insolvency team acts for Plc’s, private companies and
partnerships, individuals and Insolvency Practitioners in pursuing
or defending insolvency proceedings and advising upon all aspects
and nature of insolvency matters from winding up petitions and bankruptcy
through to advising upon debt security, book debt & property
realisation and reservation of title claims.
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