Insolvency

Bankruptcy or liquidation may not be inevitable. We advise clients prior to entering a personal bankruptcy or corporate insolvency process on the available options to recover, and assist to carry out turnaround strategies. Where a formal insolvency process is inevitable, we advise on suitable options and assist with the implementation.

We act on behalf of companies or creditors, in compulsory or voluntary liquidations. We deal with simple Members’ Voluntary Liquidations, or complex Members’ or Creditors’ Compulsory Liquidations.

We assist companies and their officers before or after entering the liquidation process, to address the various legal challenges and to comply with their legal duties and obligations. Where we act for creditors, we advise of available options, suggest debt recovery strategies and if required represent clients in court proceedings.

There are various (business, tax or other) reasons why a person or company may wish to restructure its financial obligations. We advise clients of the possible solutions to achieve the in each case desired result, with the most efficient mechanisms. We have experience in both out of the court restructurings, and reorganisations or arrangements which are sanctioned by the court. We advise at an early planning stage, during the preparatory period and during implementation.

LLPO Law Firm can advise on and assist with the following:

• Recovery and turnaround strategies
• Options available prior or after the commencement of an insolvency process
• Voluntary restructurings, compromises, or other arrangements
• Compulsory liquidation proceedings
• Appointment of liquidators, receivers, or examiners
• Court actions or other proceedings for debt recovery or insolvency processes