Services

Tax-planning-and-preparation

Corporate Insolvency

Our corporate restructuring/insolvency department provides a range of services to businesses who are experiencing financial difficulty. We can prepare a viability report which will quickly assess the viability of the business and recommend a course of action which will assist in corporate recovery. While our main aim is to assist businesses to recover and continue trading, some businesses can no longer continue in operational existence and an orderly winding down of operations is required. In this regard we can act as examiners, receivers, or liquidators and can advise in relation to schemes of arrangement with trade creditors, the Revenue Commissioners and banks and commercial lenders.

Corporate Insolvency

Sometimes circumstances dictate that restructuring simply is not a viable option for a distressed company: cash flow pressures may have become unmanageable or it may be too late to put into effect any restructuring strategies. There may also be other reasons why a formal insolvency procedure may be the appropriate option. Where we do recommend formal insolvency proceedings, we will fully explain the range of possible options – outlining which one we think is right for your company and for those affected by its business circumstances. Our team of insolvency specialists will review your business and put forward their expert opinion on which option is right for that business.

These include:

  • Creditors Voluntary Liquidations
  • Members’ Voluntary Liquidations
  • Formal \ informal Creditor schemes of arrangement
  • Official High Court Liquidations
  • Fixed Charge Receiverships

Contact Sean Mulhern on 071 91 42200 or email to sean.mulhern@mulhernleonard.ie

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