What is Insolvency?

Insolvency is a state where you are unable to pay money owed on time, or where someone doesn't pay money owed to you on time. When the volume of debt becomes too much, it is important to get the right advice about how to manage the situation. Gifford Devine’s insolvency lawyers provide that answer, and if necessary persuade the Court about it. If you are affected by an insolvent debtor, we advise you how to be in the best position to recover your funds.

Situations where you’ll need an insolvency lawyer:

  • Directors’ and corporate liabilities
  • Debt restructuring
  • Receivership
  • Bankruptcy
  • Creditors compromises
  • Company liquidation
  • Statutory management

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