Financial Difficulties

Whether you have always had money or have successfully accumulated it more recently, the prospect of losing it is naturally alarming.

Even if the basis for your own personal wealth is fairly stable, you could be affected by the financial difficulties of a family member or business partner. But whilst we can never know what lies ahead, ensuring that your current wealth and assets are protected from future uncertainties is vital.

This is at the heart of what we do. Our specialists can help you assess your personal wealth protection strategy and provide invaluable advice on its efficacy for you and your family, helping to ensure that you are protected for the future as far as possible. Financial difficulty can arise for anyone, sometimes with little prior warning; careful thought must be given to the position of your family members, dependants and other recipients of existing wealth and assets, both now and in the future. We can guide you through the complex and far-reaching effects of insolvency, to ensure that planning for the future for yourself and dependants cannot later be overturned and challenged.

If financial difficulty does arise for you or a family member we can, however, provide advice and assistance to avoid bankruptcy. We are particularly skilled at reaching formal or informal compromise and arrangement with creditors. We can also advise you on your further options, including bankruptcy, Individual Voluntary Arrangements (IVA), debt and financial crisis management.

If you are a creditor affected by the insolvency of another party, we can act for you to ensure that damage to your wealth and reputation is minimised. We provide pragmatic, solution-driven advice and assistance to preserve your position and maximise recovery. In all cases we offer a multi-disciplinary approach drawing on the full resources of the firm, from tax and banking through to employment and property, to provide pragmatic, personally sensitive and commercially driven solutions.

In all cases we offer a multi-disciplinary approach drawing on the full resources of the firm, from tax and banking through to employment and property, to provide pragmatic, personally sensitive and commercially driven solutions.

Our team has helped wealthy and high profile clients from all over the world protect their wealth and manage the complex and wide-ranging personal effects of financial challenge in a variety of ways.

Our recent work has included:
  • Assisting in the structuring of a three generation family’s financial arrangements and the attacks on that structure arising from the bankruptcy of one of the children. We ensured that the family’s assets were protected for the family as a whole and grandchildren
  • Acting for a wife following her husband’s bankruptcy in regards to the successful negotiation with his trustee in bankruptcy, averting the sale of the family home
  • Devising a plan of financial rehabilitation by means of an Individual Voluntary Arrangement, family funds being made available as a condition of creditors agreeing to compromise their claims against the individual
  • Advising on the interplay between matrimonial and bankruptcy proceedings.