The effects of the global economic collapse still very much reverberate throughout our domestic market and legacy debt remains a very real issue for countless companies.
Our team of lawyers have been at the forefront of advising such companies throughout these immensely difficult times. We give decisive and clear advise in relation to the suite of options available to resolve your company's problematic debt and managing its relationships with its various financial institutions. This is an immensely nuanced field of law that requires fast and expert advice.
We provide specialist advice in relation to the following:
- Court Liquidations
- Creditors Meetings
- Voluntary Liquidations
- Recieverships and general corporate restructurings
- Employee Claims upon winding up
- Actions against Directors
In many circumstances our lawyers will be able to demonstrate how a scheme of arrangement can be reached with your creditors. This may be done voluntarily or indeed through the Court process known as Examinership. In particular circumstances, problematic debt may have its repayment schedule extended or indeed written off and a company may continue to trade profitably into the future. Our team have participated in the majority of Examinerships to come before the Courts and have a wealth of experience in this area.
In certain circumstances liquidation may be the only option for Company. This is naturally a very difficult time for directors and creditors alike and we can advise in this process and the consequences that may arise. We will give detailed advice surrounding the creditors meetings to wind up the company and the consequences of same upon directors.