The need for specialist advice:
Tenant insolvency is increasingly concerning for landlords, particularly in these difficult financial times – so taking prompt specialist advice is strongly advised.
It is important to spot a potential insolvency situation at the earliest opportunity so all the options can be assessed. Common indications that a tenant may be in financial difficulty include ceasing to trade, restructuring, and late or erratic payments of rent.
Let our experience make yours that much easier:
This is an expansive area of law which covers administration, receivership, compulsory liquidation, voluntary liquidation, individual and company voluntary arrangements and bankruptcy.
Ultimately, landlords need to be informed in straightforward language what the commercial consequences will be for them if a tenant becomes insolvent.
Whether your priority is to regain possession or recover arrears, our experienced specialist solicitors at Woodcocks Haworth and Nuttall can advise you on the implications of each form of insolvency and what alternatives you have, from both a legal and commercial perspective.
Need expert advice? Let us help:
To discuss any aspect of insolvency please contact;
David McCann, Danny Long or Eleanor Cornthwaite at our Bury office on 0161 761 4611