Knox Insolvency

Insolvency law is a highly complicated and specialist field of law. At Knox Insolvency we are set up to be parachuted in to any business crisis to control the situation and use all the available legal tools to both protect our clients’ business and also ring fence their personal wealth wherever possible. We will effect a commercial solution to any insolvency related business crisis. We have a wealth of experience dealing with parties on both sides of an insolvency situation: Licensed Insolvency Practitioners, Companies, Directors, and Individuals.

There are eight principal different types of formal insolvency. Knox Insolvency understand each completely and is ideally placed to consider and implement the best option for our clients. We are fully conversant in company administrations, receiverships, liquidations (solvent and insolvent voluntary liquidations and compulsory liquidations) and company voluntary arrangements (CVAs). We also deal with individual voluntary arrangements (IVAs) and bankruptcies.

As Knox Insolvency do not take formal insolvency appointments as administrator/liquidator etc., there is no incentive for us to encourage a client towards a formal insolvency: we try to maintain a viable trading business outside of a formal insolvency process wherever possible. In the event that this is not possible, Knox Insolvency will work with clients to recommend a suitable insolvency practitioner to be appointed and assist our client to tender the fee structure with the person to be appointed, ensuring the best fee outcome for our clients in the event that a formal insolvency is necessary.

In most insolvent situations that we encounter, a business asset sale is required to transfer a viable business from an insolvent company into a new stable company. Knox Insolvency has a wealth of experience in such business asset transfers and acts for both sellers and purchasers in such situations.

We also act for business owners who are wishing to support their business with their own funds: we can advise on how to inject this funding to ensure that the owner is protected to the maximum extent possible in the event of the eventual insolvency of the business if the rescue plan should prove to be unsuccessful.

We can act in conflict of interest situations alongside other firms where a company and its directors need to be advised separately due to the potential insolvency of the business.  Our role is always tailored to fit the individual situation.

We also act for solvent businesses to protect them against the potential insolvency of their customers.  Please see the D£BTFAIR section of our website for our debt solution work.  We also do all aspects of private secured lending work and guarantees to protect existing financial exposure to potentially struggling customers. Our years of insolvency experience make us ideally placed to provide this protection to our solvent clients.