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With offices in Northampton and Milton Keynes, our dedicated team supports directors, shareholders, creditors, and insolvency practitioners with tailored legal solutions to support recovery, manage risk, or navigate the insolvency process with confidence.
In today’s commercial environment there is a growing emphasis on business rescue and recovery, not just closure. Seeking advice early can make a significant difference. If you act before your company becomes insolvent, restructuring options such as refinancing, debt rescheduling, or reorganising operations may offer a viable path forward.
We help directors and business owners:
If insolvency is unavoidable, our team provides clear, strategic support across both corporate and personal insolvency situations. We regularly act for businesses, directors, creditors, landlords, lenders, and insolvency practitioners across both contentious and non-contentious matters.
We advise on a wide range of insolvency and restructuring issues, including:
Why Choose Franklins Solicitors?
Specialist Insolvency Experience – We advise across all aspects of corporate and personal insolvency, from early restructuring advice to complex litigation.
Local Knowledge, National Reach – Based in Northampton and Milton Keynes, we support clients across the Midlands and beyond.
Tailored, Commercial Advice – Every situation is different. We’ll develop a strategy based on your unique circumstances and goals.
Collaborative and Strategic – We work closely with insolvency practitioners, accountants, and funders to deliver joined-up, practical solutions.
Supportive Approach – We understand that financial difficulties can be stressful and sensitive. We’ll support you with discretion and clarity at every step.
Franklins Solicitors works closely with insolvency practitioners and also offers a comprehensive suite of insolvency legal services tailored to both businesses facing financial difficulties and creditors seeking to recover debts. Our services include advice on voluntary and compulsory liquidations, administrations, company voluntary arrangements (CVAs), personal bankruptcies, and insolvency litigation. We also provide assistance on restructuring plans to avoid insolvency and advice on directors’ duties in the context of insolvency.
If your company is insolvent, it is crucial to seek legal advice as soon as possible. Franklins Solicitors can assess your situation and advise on the appropriate steps to take. This could involve initiating a formal insolvency procedure such as administration or liquidation, or alternatively, implementing a restructuring plan to rescue the company. Acting quickly can help mitigate the risks and consequences of insolvency.
Yes, we represent creditors in insolvency proceedings, helping to maximise the recovery of outstanding debts. Our services include filing claims in insolvency proceedings, representing creditors in meetings, negotiating repayment plans, and pursuing insolvency litigation if necessary. We strive to protect your rights and interests as a creditor throughout the process.
The duration of the insolvency process varies depending on the specific circumstances and the type of procedure involved. For example, a straightforward voluntary liquidation might be completed within several months, whereas more complex administrations or CVAs could take a year or more. We can provide a more accurate timeline once we have reviewed your particular situation.
Absolutely. We specialise in advising businesses on restructuring options to avoid insolvency. This can involve renegotiating terms with creditors, implementing cost-saving measures, or restructuring debt. Our aim is to help your business return to profitability and maintain its operations wherever possible.
The potential outcomes depend on your specific circumstances and the approach taken. Possible outcomes include successfully restructuring the business to avoid insolvency, reaching an agreement with creditors through a CVA, orderly winding up of the company, or navigating through the insolvency process with minimal personal liability for directors. Our objective is to achieve the best possible outcome for you, based on your goals and financial situation.
To start, contact Franklins Solicitors via our website, email, or phone to discuss your situation in detail, outline your options, and suggest how we can assist you. We are here to provide expert legal advice and support throughout the insolvency process or in your efforts to avoid insolvency.
If you have any questions about Insolvency, please don’t hesitate to contact our team of experts who are on hand and ready to help you.
