Corporate Restructuring and Insolvency Solicitors in Reading

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Corporate Restructuring and Insolvency Solicitors in Reading

When you need support with corporate restructuring or insolvency, our specialist solicitors at IBB Law can offer the expert assistance you require. Early legal advice can significantly increase the chances of a positive resolution.

We appreciate that restructuring is not strictly related to the insolvency process alone and that the majority of companies are looking to prevent insolvency where possible. At IBB Law, we work with clients and third-party consultants to provide company owners with as many viable options as possible.

Our expertise is also available to those involved in insolvency scenarios in other ways, with the team advising creditors, insolvency practitioners and those looking to purchase assets from an insolvent business.

Meet the team

Complete support for corporate restructuring and insolvency

Our specialists at IBB Law can assist with matters including:

Why choose IBB Law for help with restructuring and insolvency?

The Corporate Restructuring and Insolvency team at IBB Law can offer you:

  • High level expertise in some of the most complex and challenging situations involving distressed businesses
  • Independently accredited expertise with IBB Law being consistently highly ranked in leading client guides the Legal 500 and Chambers & Partners
  • A partner-led service, with the team including Partners Adam Dowdney, Sarah Jackson, Harriet Jones and Sonia Jordan, all of whom bring a wealth of experience advising businesses facing the full range of restructuring and insolvency scenarios

Contact our corporate restructuring and insolvency solicitors in Reading today

To discuss your legal needs with our corporate restructuring and insolvency solicitors in Reading, please get in touch.

You can contact our Reading office directly or email enquiries@ibblaw.co.uk and we will get back to you promptly.

How our corporate restructuring and insolvency solicitors in Reading can help

Insolvency legal advice for directors

When a business is becoming insolvent, company directors need to think carefully about the risk to the business and to themselves. Failing to take the right actions promptly can significantly increase the likelihood of directors facing legal proceedings.

Our insolvency and restructuring team in Reading can advise company directors on various matters such as:

  • The disqualification of a director
  • Claims made against directors
  • Defence in fraudulent or wrongful trading claims
  • Defence for bankruptcy petitions or statutory demands

Corporate restructuring

Restructuring your business can give you the opportunity to adjust the operations or capital structure of a company, allowing you to improve commercial viability or efficiency.

Our restructuring lawyers in Reading can advise on the various forms of restructuring, which include:

  • Division or reduction of share capital
  • Re-arranging businesses that exist within a group of businesses
  • Demergers

There are many different reasons to restructure, including improved commercial effectiveness, tax efficiency or to prevent insolvency and financial issues.

Entrepreneurs’ relief

Business owners can benefit from entrepreneurs’ relief when selling all or part of their business. This means that, rather than pay the standard Capital Gains Tax (CGT) rate of 20%, you could pay just 10% CGT.

Our corporate restructuring and insolvency lawyers in Reading can assist with:

  • Whether you qualify for entrepreneurs’ relief
  • Preparing the necessary sale documents
  • Guiding you through the applicable tax rules

Administration

Administration offers a potential route for turning around a struggling business. An administrator will be appointed to manage the business and a moratorium will be put in place to prevent creditors starting or continuing any legal processes against the company (unless they secure consent of the administrator or permission from a court).

Our team can assist with:

  • Appointing administrators
  • Legal support for administrators
  • Restructuring
  • Asset sales

Liquidation

Liquidation, or ‘winding up’ refers to an insolvency procedure. During the procedure the company assets are distributed to creditors according to the relevant legislation. The process may take place on a voluntary or involuntary basis.

Our insolvency solicitors in Reading can support businesses with matters such as:

  • Responding to winding up petitions
  • Making applications for Validation Orders
  • Acting on behalf of liquidators
  • Defending directors against office holder claims

We appreciate that liquidating a company can be a sensitive process, and that business owners need practical and empathetic support throughout. Rest assured, our liquidation solicitors in Reading have ample experience supporting a diverse range of businesses.

Company Voluntary Arrangements (CVAs)

If your business has become insolvent, our solicitors can assist you to apply for a company voluntary arrangement, potentially permitting you to pay off your creditors across an extended period of time.

With the help of a CVA, your business can continue trading so long as at least 75% of your creditors (by value) commit to the CVA.

Our insolvency solicitors in Reading can assist you in various ways, including:

  • Deciding whether a CVA is a viable option for your company
  • Helping you to negotiate CVA terms with business stakeholders, creditors and insolvency practitioners
  • Meeting your governance obligations with the terms of the CVA

Representation for creditors

When a business becomes insolvent, its creditors must act quickly. It is essential to take the right actions swiftly to assert any financial claims you have and increase your chances of securing payment of monies owed.

Our corporate restructuring and insolvency team can support creditors with:

  • Offering evidence of debts owed and support with challenges
  • Support in creditors’ meetings
  • Defending requests from administrators
  • Challenging CVA validity

Purchasing assets from insolvent businesses

Buying assets from insolvent businesses can be a complex process, with some significant challenges that must be overcome. However, with the right legal support, it can represent an excellent opportunity.

Our team can advise on all parts of the process, including:

  • Purchase agreements
  • Due diligence
  • Checking for third-party consent issues
  • Checking for any debt leveraged against the assets
  • Checking for any title issues or conditional terms

Legal assistance for insolvency practitioners

We have the expertise to help insolvency practitioners with all of the legal work involved in insolvency proceedings.

Our team can assist with matters such as:

  • Applications to appoint administrators and liquidators
  • Claims against directors
  • Restructuring
  • Redundancies
  • Debt recovery
  • Asset sales

Contact our corporate restructuring and insolvency solicitors in Reading today

To discuss your legal needs with our corporate restructuring and insolvency solicitors in Reading, please get in touch.

You can contact our Reading office directly or email enquiries@ibblaw.co.uk and we will get back to you promptly.

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