
Insolvency can be defined as the inability to pay one's debts as and when they fall due. In today’s difficult financial times a company’s ability to pay its debts has been challenged by a multitude of factors that effect working capital management and liquidity (the ability to convert an asset to cash quickly).
Conversely, recovering monies owed to you by other entities can sometimes present situations whereby the Courts and third parties must convene in order to reach agreements that settle these debts.
Whether you are having difficulties collecting monies owed by debtors or facing severe financial hardship with your business, Watson and Watson’s experienced lawyers can help you.
Please select from the following areas to learn more about the laws relating to these matters and how Watson and Watson can help you:
This website has been designed to assist both individuals and companies experiencing the backlash of insolvency. Although the information contained within this website can be helpful, Watson and Watson would like to stress that bankruptcy and winding up proceedings can be highly technical, particularly in relation to the validity of legal notices, petitions, statutory demands and other processes.
The danger of commencing legal procedures without solid advice can exasperate the situation and can result in creditors being ordered to pay the debtors legal costs - so it is paramount to speak to a lawyer who has detailed knowledge.
Watson and Watson has over 20 years of experience in commercial litigation relating to bankruptcy and insolvency matters, and has helped countless businesses deal with their financial strain.
Please note that our provision of any telephone advice to you is only a general discussion to assist as to whether you wish to instruct us. Telephone discussions should not be construed as legal advice and are not to be relied upon. Legal advice which you can rely on can only be properly provided by us to you at or following an initial conference. We are not responsible for any action you may take or fail to take based upon the provision of our telephone advice to you. If you wish to arrange a conference, please contact us.
Watson & Watson are always available to provide expert legal advice and answer any questions you may have.
Watson & Watson act on behalf of the Home Owner in relation to a claim against a Builder which became insolvent and was unable to complete their many projects. Generally, Creditors were out of pocket and an arrangement was entered...
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