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.