Financial distress can affect any business, whether due to late payments, bad debts, or changes in the market. Acting early and taking the right legal advice can often protect your position — and sometimes save your business entirely.
At Latimer Solicitors, our experienced insolvency solicitors advise companies, directors, and creditors across England and Wales. We provide clear, practical guidance on how to deal with insolvency situations efficiently and in compliance with the law, helping you make informed decisions during financially challenging times.
Why Insolvency Matters
Insolvency can take many forms — from a business unable to meet short-term liabilities to a company that must close down. Without proper advice, directors may unknowingly breach their duties or expose themselves to personal liability. Creditors, meanwhile, risk losing valuable sums if recovery action isn’t taken promptly.
You may need legal assistance if:
- Your company is unable to pay debts as they fall due.
- A customer or debtor has entered liquidation or administration.
- You are a director worried about your legal obligations.
- You are a creditor seeking to recover money from an insolvent company.
- You need to issue or respond to a statutory demand or winding-up petition.
Understanding your options early is key to protecting your interests and minimising losses.
How Latimer Solicitors Can Help
Our solicitors act for both creditors and insolvent businesses, offering clear, solution-focused advice at every stage. We work closely with accountants and insolvency practitioners to deliver practical, commercially driven outcomes.
We can assist with:
For Creditors
- Statutory Demands and Winding-Up Petitions:
We issue formal notices to recover outstanding debts, often resulting in quick payment or settlement.
- Debt Recovery from Insolvent Companies:
We advise on enforcing judgments and recovering money owed through insolvency procedures.
- Representation in Insolvency Proceedings:
We represent creditors at winding-up hearings and liaise with insolvency practitioners on your behalf.
For Businesses and Directors
- Company Rescue and Restructuring:
We advise on restructuring options such as company voluntary arrangements (CVAs), administration, or refinancing.
- Director Duties and Liabilities:
We help directors comply with insolvency laws, reducing the risk of personal liability or disqualification.
- Liquidation and Winding-Up Advice:
We assist with voluntary liquidation processes and compliance with creditor obligations.
For Individuals and Sole Traders
If you’re self-employed or trading as an individual, we can help with:
- Bankruptcy advice and procedure.
- Negotiation with creditors and debt management plans.
- Asset protection and business continuity planning.
Our Process / What to Expect
We make insolvency advice clear, strategic, and practical.
- Initial Consultation: We discuss your situation, assess your financial position, and explain your options.
- Legal Review: We identify risks, liabilities, and potential recovery routes.
- Strategy Development: We create a plan tailored to your objectives — whether recovery, restructuring, or closure.
- Implementation: We take appropriate legal steps, from issuing statutory demands to assisting with liquidation or CVA arrangements.
- Ongoing Support: We remain available for advice as circumstances change or new opportunities arise.
Our goal is always to help you act quickly, protect your interests, and limit financial damage.
Why Choose Latimer Solicitors?
- Extensive experience advising companies, directors, and creditors
- Nationwide service across England and Wales
- Commercially focused approach that prioritises practical outcomes
- Transparent fees and fixed-price options for key procedures
- Regulated by the Solicitors Regulation Authority (SRA)
- Trusted reputation for responsive, professional insolvency advice
We combine technical expertise with commercial understanding to deliver strategic solutions during difficult financial periods.
