The team has a wealth of experience in the field advising at all levels of both corporate and personal insolvency matters. We act for a multitude of insolvency practitioners be they sole practitioners or the international partnerships on all aspects of insolvency. We pride ourselves on our ability to give succinct clear and commercial advice to insolvency practitioner enabling them to fulfil their role as office holders.
The team also advises companies and their directors on all matters pertaining to insolvency. Prior to insolvency the team is adept at advising on rescue and restructuring and post insolvency on the directors personal positions be it in respect of claims brought by the Company or Director Disqualification issues. Additionally the Team has a very strong personal insolvency presence advising individuals on all aspects of personal insolvency including bankruptcy, voluntary arrangements or informal arrangements with creditors.
The team has a very strong corporate ability specialising in liquidations, corporate voluntary arrangements and particularly the administration process introduced by the Enterprise ACT 2002. The team has a depth of experience in this field both on the contentious and non contentious side advising Insolvency Practitioner and Company alike. The team deals on a daily basis with business sales and has the ability to draw on the experience of its Company commercial property and employment teams to assist in such sales all of whom have relevant insolvency experience.
SRA Transparency Rules: Debt Recovery
We must clearly express our charges & state whether VAT or disbursements are included.
Avoid estimating charges at unrealistically low levels.
Do not advertise estimates/fixed fees without stating additional charges might apply.
|Average/Range (if total not available)||From £500 plus VAT for an initial letter in simple debt recovery matters. In complex and/or defended claim an hourly rate will apply.|
|Disbursements Total||Subject to the nature of the claim and whether or not the matter is defended. Court and Barristers fees will be payable, the cost of which are linked to the value and complexity of the matter|
|Average Disbursements (if total not available)|
|Conditional/Damages based fees||These may be available in certain circumstances subject to the value and complexity of the claim and the prospects of enforcing the debt.|
|Does price include VAT?||Prices do not include VAT, which is payable where stated.|
|Specify exactly what is included in the price displayed||Fixed price initial letter covers a meeting and review of documents of up to one hour and the preparation of an initial letter before action.|
|Range of costs or basis for charges (to include hourly rate(s))||Hourly rates as follows:
From £150 plus VAT up to £395 plus VAT
|What services are included for the quoted price?||Fixed price initial letter covers a meeting and review of documents of up to one hour and the preparation of an initial letter before action.|
|Highlight any services that aren’t included in the price but the client may expect to be||The fixed price letter before action does not include advising on any reply, next steps or enforcement.|
|Key stages & timescales||The following stages apply:
Issue of Proceedings
Costs and Case Management Conference
The litigation would take at least 12 months to conclude, subject to how busy the courts are.