Directors and shareholders can feel aggrieved when the decision to close their business is taken out of their hands.
Typically, issues arise around poor realisations, perceived sweetheart deals, inflated termination charges from the financier, too much cosiness between the insolvency practitioner and the factor, invoice discounter, financier or bank.
The ideal settlement would, of course, be reached by way of an amicable agreement. Where this is unsuccessful, or impossible, a solution might be sought through arbitration, mediation or ultimately litigation in the courts. In many cases, this litigation can be undertaken on a no-win, no-fee basis.
To find out how Powerlegal can help you, either call us on 0800 177 7752 or fill in the webform. You will then be contacted by one of our commercial litigation solicitors for a free initial consultation.