Restructuring and Insolvency Service Newcastle

Restructuring & Insolvency

If your business is facing financial difficulties you need technical and practical specialist advice to quickly protect your interests and determine your best solution when it comes to restructuring, recovery or exit.

How we can help

We understand how devastating insolvency issues can be and the pressures that you face. We are on hand to provide advice and assistance in regards to the full range of corporate insolvency disputes as quickly and effectively as possible to limit the damage caused.

Get in touch

We can help with both corporate and personal insolvency issues and work with business owners, directors and professional service advisers. Our experts spend time discussing the options available to devise a timely and cost effective solution to help resolve the situation as quickly as possible.

As a full service firm we can also easily draw on the expertise of our specialists in related fields, including commercial property, construction, contractual disputes, debt recovery, employment and intellectual property, to provide a seamless service, ensuring that complex problems are resolved efficiently. See below for further information on how we can help you.

For further information about Company Voluntary Arrangements and Restructuring Plans, whether you are a company considering one or you are a landlord with a tenant in financial difficulties, please contact Neil Harrold.

Directors and their company
We cover:

Advice to directors on duties and risk minimisation strategies

Advice to troubled companies on restructuring options

Defending directors and others facing investigation and / or asset recovery procedures by office-holders

Defending directors facing proceedings under the Company Directors Disqualification Act 1986
-Defending directors facing criminal prosecution
Insolvency Practitioners
We cover all types of corporate and personal insolvency and restructuring procedures, including:

Administrations

Company Voluntary Arrangements

Moratoriums

Restructuring Plans

Law of Property Act (fixed charge) Receiverships

Members’ Voluntary (solvent) Liquidations

Creditors’ Voluntary Liquidations

Compulsory (court ordered) Liquidations

Individual Voluntary Arrangements

Bankruptcies
Secured creditors
We cover:

Advice on validity of security

Advice on options for enforcement

Prepare appointments of administrative receivers (if permissible), LPA receivers (if fixed charge held) and administrators (if qualifying floating charge held)
Unsecured creditors
We cover:

Advice on recovery options, including potential for winding-up petitions and administration applications

Advice on preventative and risk mitigation strategies

Advice on retention of title and trust claims
Investors
We cover:

Advice on purchases of assets and businesses of insolvent companies
Sales of assets and businesses of insolvent companies
We cover:

Advice on sales of assets and businesses of insolvent companies
Investigation and asset recovery procedures
We cover:

Informal examinations of company directors and bankrupts

Examinations under ss. 236 (company) and 366 (individual) Insolvency Act 1986

Misfeasance under s. 212 Insolvency Act 1986

Wrongful trading under s. 214 Insolvency Act 1986

Transactions at an Undervalue under ss. 238 (company) and 339 (individual) Insolvency Act 1986

Preferences under ss. 239 (company) and 340 (individual) Insolvency Act 1986

A mixture of large and mid-tier Insolvency Practitioners instructs the practice on the back of its 'responsiveness' and 'sound technical skills'.

Chambers & Partners

The firm undertakes a comprehensive mixture of corporate and personal insolvency work. Most of the major North East insolvency practitioners instruct the team, as do some based in Leeds, Manchester, Carlisle and the South East. Instructions also emanate from banks and other financial institutions.

Legal 500

Meet the team

Neil Harrold

Consultant

Neil deals with all aspects of insolvent and distressed businesses, including advising insolvency practitioners, directors and senior management, secured and unsecured creditors, as well as investors looking for opportunities to regenerate businesses.

neil.harrold@hay-kilner.co.uk 0191 227 6713

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