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Introduction

Ashfords' Restructuring and Insolvency Team advise Insolvency Practitioners, lenders, businesses and members of the public on all aspects of insolvency. We work alongside other specialist teams within Ashfords including corporate, commercial property, employment and IP/IT.

 Recent changes in the law will have far reaching effects for businesses, lenders and members of the public for years to come. Insolvency is a complicated area of the law. Clients demand detailed technical knowledge combined with sound commercial judgment.

Members of the team belong to the Association of Business Recovery Professionals (R3), the Insolvency Lawyers Association, the Insolvency Practitioners Association and the Institute of Credit Management.

Work handled includes:

• Administrations
• Liquidations
• Administrative Receiverships
• Restructuring & Business / Asset Sales
• Company and Individual Voluntary Arrangements
• Insolvent Partnerships
• Bankruptcy
• Insolvency Litigation
• Investigations
• Directors Duties / Disqualification Proceedings

Recent work undertaken includes:

• Acting for Bishop Fleming in a successful application to obtain first ever recognition order of an English Bankruptcy by the Court in Virginia, USA.
• Acting for Bishop Fleming on the conversion of a Members Voluntary Liquidation into Administration leading to the sale of a chain of public houses.
• Advising Albert Goodman on the sale of the business and assets of Scott Nurseries Limited (in liquidation).
• Acting for the Harris Lipman LLP in an action brought by the Liquidator in a successful misfeasance claim against the sole director.
• Acting for KPMG (Trustee) in Bankruptcy in the tracing of and application for delivery up and subsequent seizure of a high value motor boat.
• Advising PKF on the  Sale of certain business assets of South West Batteries Limited (in Administration).
• Advising Chantrey Vellacott  on a complex realisation of a Bankrupt's property involving exceptional circumstances and Human Rights arguments. Possession Order being upheld on appeal.
• Advising Bishop Fleming on the acquisition of insolvency practice.
• Advising Carter Clark on the investigation of a Transaction at an Undervalue of a Bankrupt's jointly owned property to a family member.
• Advising Richard J. Smith & Co on the Application for an Order to Stay the winding up of Export Services Limited (in liquidation) in order to convert from the liquidation to a company voluntary arrangement.
• Acting for Francis Clark in the Application for possession and sale of matrimonial home.
• Advising Bathe Limited on the sale of the business and assets of Bathe Limited (In Administration) as a going concern. Vendors: Bathe Limited(In Administration) acting by its Administrator -  Houghton Stone Business Recovery Limited.
• Advising CRS Hanson Renouf on a freezing Injunction with Disclosure Order made against assets situated in Jersey, amounting to over AUD$3 million on behalf of the Trustee in Bankruptcy, Anthony Warner of CRS Warner Kugel.
• Advising CRS CBP on their application to High Court for an Order that the Australian Bankruptcy be recognised in England and Wales and that the Australian Trustee in Bankruptcy, Anthony Warner of CRS WarnerKugel, be afforded powers to investigate, locate and realise assets held in this jurisdiction. 

What others say about us

"I have worked with David Pomeroy and his team on a range of corporate and personal insolvency proceedings. In all cases I have found him and the
team to be professional, effective and respond in a timely manner with
clear, well researched advice. The team also displays a clear
understanding of the commercial pressures often faced by insolvency
practitioners and responds accordingly."
Nigel Morrison, Partner at Grant Thornton

"The insolvency team is not only technically competent but they're a great bunch of people. Their friendly approach means that even complicated transactions can proceed without mountains being made out of mole hills. In this way, as a client, I can be confident that the costs aren't going to spiral out of control whilst at the same time knowing I'm in safe hands"
Roger Isaacs, Insolvency Practitioner and Partner at Milsted Langdon

This compact yet "motivated" outfit has a growing reputation in the field of corporate insolvency to match its established standing in bankruptcy.
Chambers Guide to the Legal Profession, 2008 Edition