Healys act for insolvency practitioners, directors, lenders and other stakeholders on a wide range of insolvency issues for both companies and individuals. We act on all formal insolvency procedures and provide advice on the options available where a company or individual is not yet in formal insolvency. We also we assist creditors enforcing their debts by the most effective means.

We understand the need for quick and succinct advice when insolvency and recovery issues arise and we pride ourselves in offering comprehensive advice in an approachable and commercial manner. This allows our clients to make the most appropriate action to protect themselves, their business or their assets, where possible.

We deal with all elements of corporate and personal insolvency and restructuring assignments. We undertake a mix of contentious and non-contentious instructions.

Our work includes: 

Corporate Insolvency

• All aspects of administrations including administration orders and appointments (both in- and out-of-court) and pre-pack sales
• Advising Companies on exit routes out of administration where the business can be saved
• Presenting and resisting winding up petitions
• Recovery of assets and all anti-avoidance transactions including transactions at undervalue and preferences;
• Misfeasance and breach of duty claims
• Advising on all aspects of company voluntary arrangements and partnership voluntary arrangements including challenges for unfair prejudice and material irregularity
• Advising on the prescribed part, expenses regime and set-off
• Directors' duties and disqualification 

Personal Insolvency

• Investigating transactions at undervalue, preferences and applying to set aside property disposals which fall within the remit
• Advising on repossession of the matrimonial home and the rights of the non-bankrupt spouse
• Advising on applications for income payments orders
• Recovery of assets for the bankrupt's estate
• Examination of bankrupts and other persons
• Income Payment Orders
• Individual Voluntary Arrangements and Partnership Voluntary Arrangements
• Disputed petitions
• Validation Orders
• Application to annul bankruptcy orders
• Recovery of directors’ loan accounts
• Directors’ disqualification proceedings
• After-acquired property applications. 

Property Related Issues

Combining our litigation and property teams, Healys advises on a number of property issues as follows:

• Law of Property Act receiverships
• Leasehold property repossessions on behalf of landlords
• Forfeiture and distress
• Property portfolio restructuring
• Advising Landlords’ of their rights against insolvent tenants
• Advising insolvency practitioners in relation to their liability in respect of rents payable as an expense of liquidation or administration
• Mortgage repossessions