Insolvency

Your Partner in Effective Insolvency Management
Our Insolvency lawyers are experienced in matters of restructuring and insolvency including bankruptcy, winding up, statutory demands, company restoration and claims against company directors. KANGS provide counsel to a wide range of clients affected by insolvency issues, including company directors, partners, trustees, and administrators. Additionally, we work closely with insolvency practitioners.
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Navigating Insolvency with Trusted Legal Guidance

At KANGS, our dedicated team of insolvency lawyers offer comprehensive services and acts both for and against Insolvency Practitioners.

It is important that we work collaboratively with insolvency practitioners to facilitate smooth resolutions and ensure compliance with all legal requirements. This provides us with a well-rounded view of both sides of insolvency litigation, enabling us to leverage this knowledge and experience for the benefit of each client.

Our work with Insolvency Practitioners encompasses a range of issues. We manage the recovery of outstanding director loan accounts and take actions against company directors for wrongful or fraudulent trading.

Additionally, we address transactions at undervalue, disposals intended to keep assets out of creditors' reach and breaches of fiduciary duties, including director disqualification proceedings.

A full list of insolvency services we provide to our clients is detailed below.

Insolvency News & Insights

Insolvency, Tax & HMRC
A Pre-pack administration is an insolvency procedure under which an insolvent company sells its assets either to a third-party buyer or existing directors of that business through a new company. The sale of a company’s assets is arranged prior to the administration and completes shortly after the appointment of the administrator is confirmed. The procedure […]
27/02/24
Insolvency
A Personal Guarantee is given by an individual, the Guarantor, for the benefit of a third party, whichmay be an individual or corporate body, as security to a creditor, such as a bank or supplier ofmaterials, to ensure that in the event of the third party defaulting in payment, the Guarantorbecomes responsible for discharging the […]
08/11/23
Director Disqualification, Insolvency
Whilst the Order or Undertaking will not prevent an individual from being employed by a company, (save in very rare exceptions where court permission has been granted), the disqualified director will not be able to: Any breach of a Directors Disqualification Order, or a Disqualification Undertaking, in appropriate cases, could be punished by way of […]
06/10/23

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