Insolvency & Bankruptcy
According to DTI figures, company insolvency and personal bankruptcies are on the increase. And when they do hit, you can easily find that things are no longer what you expected – the complexities of insolvency law can often make it seem like the world has turned on its head. As a director, you always thought that you had limited personal liability but now you can find yourself at the wrong end of a claim to pay lots from your personal assets to the company’s creditors. As a creditor, you always thought you knew who you were doing business with, but now you find it was just an empty shell. As a bankrupt, you thought it would be the end of your financial worries but you suddenly find that the trustee in bankruptcy is after you, your colleagues or family members to pay back large sums and give explanations about everything. At Cousins Business Law, we have a wealth of experience in advising and acting on both sides of the divide: for insolvency practitioners and for directors, bankrupts, their families and colleagues. We know how the insolvency game works and how to play it to your best advantage.
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