Commercial Law - Insolvency
The insolvency or potential insolvency of a supplier or customer can have devastating consequences for cash flow. Where insolvency is suspected it is vital that urgent steps are taken to protect business interests.
Where a supplier or customer has entered insolvency then it is the task of the Insolvency Practitioner to both gather information about the insolvent party's contracts and to collect any monies that are outstanding to the insolvent party. The Insolvency Practitioner is given extensive powers by the Court to perform its duties and although a creditor is able to defeat the claims of the Insolvency Practitioner, it is important that early advise is taken to maximise entitlements and prevent avoidable and costly litigation.
MJD Solicitors is able to advise on:
- Insolvency
- Claims by Insolvency Practitioners
- Contractual Obligations in Insolvency
- Directors' responsibilities
- Retention of Title claims
- Statutory Demands
- Winding Up Petitions
- Bankruptcy Petitions
Matthew Dillon, Partner at MJD Solicitors, has significant experience in representing all manner of organisations and businesses on insolvency matters. Matthew can be contacted here.