STRIPES has a practical and creative approach to advising clients where insolvency issues arise, and the overriding aim wherever possible is to pursue rescue and recovery. We can provide sound, practical and pragmatic advice in connection with under-performing and insolvent businesses and look for innovative solutions to commercial problems.
Our clients include;
Insolvency practitioners
Unpaid creditors
Landlords with tenants in rent arrears
Individuals acquiring businesses or assets from Administrators, Receivers or Liquidators.
Corporates and Directors
Individuals subject to prosecution for a range of Insolvency and Companies Act offences
Individuals subject to directors’ disqualification proceedings brought by the Department of Trade and Industry
We can provide advice in numerous areas, frequently together with Insolvency Practitioners, for example:-
Liquidations
Banking disputes
Bank Guarantees, Debentures and other securities
Administrative receiverships
Administrations
Personal Bankruptcy
Business reorganisation and re-construction
Use of formal insolvency procedures as means for survival
Routes to recovery
Shareholder disputes
Business turnarounds
Voluntary arrangements, (Company or Individual)
Distressed mergers and acquisitions
In many instances the initial crisis insolvency reflects can be transformed over a period into a positive situation for all parties. Insolvency triggers an immediate crisis which requires immediate, speedy and effective action. We look at constructive strategies with a view to rescue and recovery and maximise the best outcome in the circumstances. STRIPES has also been called in on certain cases to negotiate with major creditors and to advise on post appointment problems where litigation has becomes unavoidable.
We advise on all aspects of personal bankruptcy law, including;
Individuals with financial problems
Sale of property/joint property
Investigation
Asset debt recovery
Insolvent partnerships
Voluntary arrangements
We help individuals to compile achievable and realistic proposals to be submitted to creditors.
Creditor Support
We liaise with the Insolvency practitioner on behalf of our clients and assist with;
Conduct of directors
Recovery of goods and property through retention of Title
Completion of proxies
Procedure for lodging claims and voting
Dividend prospects and VAT debt relief
Asset recovery investigations
Directors previous failings/current business interests
We advise creditors on their rights concerning the recovery of their property under retention of title clauses and also on the effectiveness of clients’ terms and conditions of trade, circumstances where set off is appropriate, the enforceability of liens, contentious remedies and voting rights.
For more information on any of these matters, call Andrew Stripe or Andrew Haffner on 0161 832 5000
Insolvency Solicitors
Stripes has a practical and creative approach to advising clients where insolvency issues arise, and the overriding aim wherever possible is to pursue rescue and recovery.
We can provide sound, practical and pragmatic advice in connection with under-performing and insolvent businesses and look for innovative solutions to commercial problems.
In many instances the initial crisis insolvency reflects can be transformed over a period into a positive situation for all parties. Insolvency triggers an immediate crisis which requires immediate, speedy and effective action. We look at constructive strategies with a view to rescue and recovery and maximise the best outcome in the circumstances.
Stripes has also been called in on certain cases to negotiate with major creditors and to advise on post appointment problems where litigation has becomes unavoidable.
Our clients include:
- Insolvency practitioners
- Unpaid creditors
- Landlords with tenants in rent arrears
- Individuals acquiring businesses or assets from Administrators, Receivers or Liquidators
- Corporates and Directors
- Individuals subject to prosecution for a range of Insolvency and Companies Act offences
- Individuals subject to directors’ disqualification proceedings brought by the Department of Trade and Industry
We can provide advice in numerous areas, frequently together with Insolvency Practitioners, such as:
- Liquidations
- Banking disputes
- Bank Guarantees, Debentures and other securities
- Administrative receiverships
- Administrations
- Personal Bankruptcy
- Business reorganisation and re-construction
- Use of formal insolvency procedures as means for survival
- Routes to recovery
- Shareholder disputes
- Business turnarounds
- Voluntary arrangements (Company or Individual)
- Distressed mergers and acquisitions
We advise on all aspects of personal bankruptcy law, including:
- Individuals with financial problems
- Sale of property/joint property
- Investigation
- Asset debt recovery
- Insolvent partnerships
- Voluntary arrangements
Creditor Support
We liaise with the Insolvency practitioner on behalf of our clients and assist with:
- Conduct of directors
- Recovery of goods and property through retention of Title
- Completion of proxies
- Procedure for lodging claims and voting
- Dividend prospects and VAT debt relief
- Asset recovery investigations
- Directors previous failings/current business interests
We advise creditors on their rights concerning the recovery of their property under retention of title clauses and also on the effectiveness of clients’ terms and conditions of trade, circumstances where set off is appropriate, the enforceability of liens, contentious remedies and voting rights.
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