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.
“When experience matters... Choose Watson and Watson Lawyers”