Insolvency
LPS works extensively for Insolvency Practitioners and company directors in handling the many diverse legal issues that arise during a corporate restructuring or insolvency. Our insolvency team can advise individuals or company directors on every type of insolvency regime, from voluntary arrangements at one end of the scale through to administrations, LPA receiverships, liquidations and bankruptcies at the other end of the scale.
LPS also gives extensive assistance to Insolvency Practitioners in the realisation of assets for the benefit of creditors. This is achieved in a range of ways, including legal proceedings for the recovery of book debts, possession proceedings (both property and plant/machinery), applications to set aside transactions aimed at depriving creditors of their legitimate rights and the prosecution of numerous other insolvency offences under the UK’s insolvency legislation against directors, shadow directors and their associates.