As any financially strained business or individual requires more than the application of a legal solution, our expertise is not limited to the provision of purely legal services. Our lawyers provide practical assistance with debt problems as well as dealing with the underlying legal issues. We always consider any practical solutions which are alternatives to the legal solution.
Compromise is often a necessity amongst a group of creditors if a struggling business or individual is to survive financial troubles. We have experience of negotiating the restructure and relaxation of creditors’ claims and implementing the resulting arrangements. On occasions such creditor accommodation can be achieved with the minimum of argument but more often detailed and prolonged engagement with creditors and their representatives is necessary. We devote whatever time and effort is necessary to achieve accord with creditors to avoid the need for formal insolvency proceedings if possible.