.webp)
Our Expertise
Expert Legal Problem Solvers
Extensive Professional Industry Experience
Strategic & Tactical Legal Advisory Services
What we do best
Over 10 years of experience.
Our insolvency barristers are regularly involved in shareholder disputes and litigation within companies. We are highly experienced specialists in company insolvency and corporate restructuring.
Read more
As a general rule, where a debt is owed by a company, a petition may be issued if the debt is due now; the creditor has demanded it, and it remains unpaid; the debt is undisputed, and the debt is £750 or more.
Where the debt is owed by an individual, the creditor can only serve a Statutory Demand or file a Bankruptcy Petition where the debt is for £5,000 or more.
When their financial obligations fall due, the incidence of insolvency arises. A creditor may have commenced insolvency proceedings by way of a Winding Up Petition (in the case of a company) or a Bankruptcy Petition (in the case of an individual).
When matters of insolvency and recovery arise, our Insolvency Barristers can give strategic and tactical legal advice to administrators, liquidators, company directors, creditors and debtors alike on their essential next steps.
Make an Enquiry
Why Choose Us
Our Direct Access Barristers
How we're different
Value Adding Approach
Our Approach
Our approach to legal practice is always to articulate creative and value-adding solutions for clients whilst delivering timely, efficient, and affordable professional services. All clients conduct their affairs within a legal context, and Mercantile Barristers’ role is to advise on the conduct of their transactions and affairs in ways that avoid conflict and disputes.
Swift & Decisive
Whether by adjudication, arbitration, or litigation, Mercantile Barristers members will adopt a firm, swift and decisive approach to achieve the best possible results for clients within the shortest time. We recognise that no two cases are the same, so we will adapt our style to suit the occasion.
Have a Question?
Frequently Asked Questions
Can you recover from insolvency?
Yes, but this is only possible if your business has a solid financial plan. Be realistic and set timelines to goals.
What expertise do your insolvency barristers include?
- Company Voluntary Arrangements - This formal payment plan for a struggling company needs to be approved by 75% of creditors (by value) and is designed to help reduce monthly payments. We have worked with companies, directors, creditors, insolvency practitioners and banks/lenders to secure the best possible outcome for our clients.
- Receivership - A receiver can only be appointed by a floating charge holder, such as a bank or a lender. Our Insolvency barristers have provided legal support for businesses in receivership and banks and lenders looking to use it to collect a debt.
- Individual Insolvency- - for example, where a Statutory Demand or Bankruptcy petition has been or needs to be filed.
- Insolvency Litigation, such as antecedent transactions and director’s claims.
- Liquidation.
- Business Recovery.
What happens when you claim insolvency?
When you claim insolvency, your assets will no longer be considered your property. An official receiver or a licensed insolvency practitioner will manage assets, and many valuable assets will be sold off to pay your debts, such as property and vehicles.
Make an Enquiry
Contact our Barristers Today
We are accredited by top legal directories –
Make an Enquiry
Call us – Mon-Fri 8:30am – 6:30pm
+44 (0) 20 3034 0077
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
