Insolvency Overview - Bennett Oakley

Insolvency

Guiding businesses and individuals
through complex insolvency challenges

At Bennett Oakley Solicitors, our experienced Insolvency Law department provides clear, practical advice on a wide range of insolvency matters. We support both businesses and individuals facing financial difficulties, as well as creditors seeking to recover debts.

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Whether you are a company director concerned about your obligations, an individual dealing with personal insolvency, or a creditor looking to enforce repayment, our team offers tailored guidance to help you make informed decisions and protect your interests.

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Insolvency

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Looking for legal support? Get in touch with our solicitors, and we’ll connect you with the right expertise to meet your specific needs through our trusted legal team and professional partners.

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FAQ Topics

What is the difference between personal and corporate insolvency?

Personal insolvency affects individuals who are unable to pay their debts, often leading to bankruptcy or Individual Voluntary Arrangements (IVAs). Corporate insolvency affects businesses and can involve administration, liquidation, or restructuring.

I’m a company director. What are my responsibilities if my business is insolvent?

If your business is insolvent, you must act in the best interests of creditors. Continuing to trade while insolvent could result in personal liability. Our corporate solicitors can guide you through your duties and help you minimise risk.

Can you help if I am owed money by someone who is insolvent?

Bennett Oakley Solicitors, we act for creditors to pursue debt recovery, advise on enforcement options, and represent your interests in insolvency proceedings to maximise your chances of repayment.

How can Bennett Oakley support me if I’m facing financial difficulties?

We provide practical, confidential advice tailored to your situation, whether that’s restructuring, negotiating with creditors, or guiding you through formal insolvency procedures. Our goal is to help you make informed decisions and protect your position.

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