Steven Redman
Head of Debt Recovery
Insolvency
Insolvency proceedings
We understand the challenges, stress and reputational concerns faced by creditors when a debtor is subject to insolvency proceedings. With extensive experience in both corporate and individual insolvency, we're committed to delivering practical and effective solutions tailored to your needs.
Acting for creditors in winding-up and bankruptcy petitions ¶
Our experienced team provides expert legal support to creditors, insolvency practitioners, and company directors. As specialist insolvency solicitors, we work nationally to safeguard creditors’ interests. We offer comprehensive legal services for creditors, which include:
- Creditors’ winding-up petitions - a creditor's petition is an application to the court to wind-up a company that has failed to pay its debts. Our insolvency solicitors assist creditors with the documentation, and guide them through the process to maximise recovery, offering practical advice regarding cost effective solutions.
- Bankruptcy petitions - this is a request to the court to manage the affairs of an individual who has failed to meet their financial obligations. The assets of the bankrupt party are used to pay their debts. Our expert insolvency solicitors represent creditors in bankruptcy proceedings, working to secure fair outcomes and recover amounts owed.
- Contested petitions - we can also help with contested petitions.On occasions, a party contests a petition made against them. Our team helps to navigate these disputes, seeking to achieve the most favourable resolution.
With extensive experience in both corporate and individual insolvency, we're committed to delivering practical and effective solutions tailored to your needs.
Defending Directors in insolvency claims ¶
Our expert insolvency lawyers also work to represent and defend directors facing claims from liquidators or administrators. We can provide advice and assistance to directors accused of:
- Wrongful trading - this is the practice of continuing to trade after a director knew, or ought to have known, that a company was insolvent, incurring a personal liability. Our corporate insolvency team defends directors, ensuring they demonstrate that the client acted reasonably and in the best interests of the company.
- Fraudulent trading - we offer our services to directors faced with allegations of deliberate intent to defraud creditors.
- Breach of fiduciary duty - advising directors on claims related to alleged breaches of their legal responsibilities.
These claims can have serious implications for the directors of these businesses, and our priority is to protect your interests and achieve the best possible outcome.
What our customers say
Why choose Harwood & Co? ¶
- Specialist knowledge - our insolvency solicitors stay up-to-date with key legal developments, and we use our vast experience and expertise to deliver effective, tailored solutions.
- Practical approach - with significant financial and reputational stakes involved in cases like these, our team works diligently to provide commercially sound advice tailored to your situation. Our advice will always focus on costs and benefits.
- Proven track record - we have successfully represented numerous creditors, securing positive outcomes in even the most challenging cases.
- Collaborative service - we'll work closely with you, ensuring clear communication and a shared strategy throughout the process.
INSOLVENCY
FAQs ¶
Find answers to some of our most frequently asked questions below. If your question is not answered in our FAQs, please get in touch with our team by filling out the enquiry form on our contact page or calling us on 0113 245 7027.
Submit a new claim ¶
Please fill in this form with as much detail as possible. You will then be contacted by a member of our team who will review your submission, set out proposed next steps, and provide a cost estimate for them. Alternatively, you can call us on 0113 245 7027.
