We act for companies and individuals looking to purchase the assets and/or business of an insolvent company or individual. We liaise with insolvency practitioners in administrations and in liquidations to conclude a purchase as quickly and as efficiently as possible.
The level of service we can provide can be tailored to meet your needs. We can get involved from preliminary negotiations with the insolvency practitioner, or simply provide advice on the documents provided to you.
The potential liabilities to employees of an insolvent company is often an issue that can make or break an agreement to buy the assets and/or business from an administrator. You will of course want to know the extent of the risk that you are taking on and the potential amount that could be due to be paid to the employees.
In conjunction with our specialist employment team we can provide a rapid response advice service for individuals faced with employee issues when considering the purchase the business and or assets in an insolvency situation.