LEXLAW Solicitors & Barristers
The pandemic saw numerous restrictions being imposed on winding-up petitions. These restrictions were lifted on the 1st of April 2022. If you are a creditor who has been unable to recover outstanding debts throughout the pandemic, our team of specialist debt recovery solicitors and barristers can assist you in making the most out of these recent changes.
The pandemic has resulted in revenue shortages and subsequent problems in meeting obligations, including the payment of rents and ancillary costs. We answer what options are available to tenants who are unable to meet rental payments.
This is another decision from the Chancellor of the High Court, which demonstrates that Court’s are likely to prioritise arbitration when it comes to disputed debts.
LEXLAW’s M Ali Akram was featured on Sky News discussing the Comet Group Limited administration. He highlighted concerns over potential unfair outcomes in the liquidation process. As experts in insolvency law, Lexlaw offers professional guidance and representation for businesses and individuals affected by company administrations and liquidations. Contact Lexlaw for specialist insolvency advice.
Sky News interviewed our Insolvency Team’s senior partner on the Comet Group collapse into administration. The administrators’ proposals revealed that while secured creditors were set to recover only about a third of their debts, unsecured creditors—including HMRC, employees, and customers—would receive less than 1p in the pound.
The early advertisement of winding-up petitions can be a serious abuse of process, potentially causing unjust harm to businesses before legal matters are resolved. We provide expert guidance and representation to protect clients from these premature actions. We focus on securing fair treatment and safeguarding your business’s reputation. Contact us today for professional support.