Insolvency and Restructuring
Facing insolvency or bankruptcy can be overwhelming, especially when you’re juggling a business or trying to protect your family.
Insolvency issues are also time sensitive. The longer debts are left unmanaged, the more serious the consequences can become. Getting early legal advice is important to protect your situation and explore your options.
Corporate insolvency
A business can become insolvent in one or both ways at the same time.
1. Cashflow insolvency
This is when your business does not have enough cash to pay its debts.
2. Balance sheet insolvency
This is when your company’s debts are greater than its assets.
Insolvency options
If a company is insolvent, the directors have a number of options available.
These include placing the company into creditors’ voluntary liquidation or administration if there is a viable business, or considering a company voluntary arrangement. There are also other options.
If the company is served with a statutory demand, winding up notice or a winding up petition, it’s important that the directors and/or shareholders seek urgent independent legal advice as it may result in the company’s bank account being frozen.
Bankruptcy
A person may become bankrupt when they are unable to repay their debts as and when they fall due.
If you are in a position where you’re unable to repay your debts, there are several options available to you. Bankruptcy may or may not be the best solution for you. So it’s important to seek legal advice from insolvency solicitors.
If you are served with a statutory demand or a bankruptcy petition, it’s imperative that you seek independent legal advice as soon as possible.
How we can support you
Our specialist insolvency team can offer clear advice across corporate and personal insolvency matters.
Whether you’re a director facing financial pressure, an individual dealing with bankruptcy, or a business affected by another company’s insolvency, we can help you understand the best way forward.
Corporate insolvency help
We can give you specialist legal advice tailored your situation if:
- you have received a statutory demand or winding up petition
- a liquidator, the Official Receiver or the Insolvency Service has contacted you about issues such as misfeasance, transactions at an undervalue, preference claims, wrongful trading, misuse of bounce back loans, or an overdrawn director’s loan account
- your business is struggling financially
- your company needs to enter liquidation
- current or former directors need insolvency advice
Bankruptcy advice for individuals
We can provide guidance on the best way forward if:
- you have received a statutory demand or bankruptcy petition
- your spouse or ex-spouse has been declared bankrupt
- a trustee in bankruptcy wants to sell your home
- you have received correspondence from a trustee in bankruptcy
- you want to explore annulling a bankruptcy order
Related insolvency issues
We can advise and support you if:
- you have given a personal guarantee
- a customer has gone into liquidation without paying
- you need help enforcing a retention of title claim
- you want to issue a winding up petition against a company
- you want to issue a bankruptcy petition against a debtor
- you have received a letter about Company Directors Disqualification proceedings
Why choose us to help with insolvency and restructuring issues?
If you’re finding it hard to deal with debt or insolvency, we understand that it can be emotional and stressful.
Our specialist insolvency solicitors offer supportive and practical advice so you can move forward with confidence.
Send us a message
“At what can be a stressful time, our expert team will help you find the clarity you need.”
Ruth Ball
Managing Associate and Head of Insolvency
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Posted 26 September 2025
The team is knowledgeable and responsive, which made the entire process smooth and stress-free. Their expertise and strategic advice were crucial. Provided clear guidance every step of the way, ensuring we achieved the best possible result efficiently. I would highly recommend them for their deep legal knowledge, prompt communication, and client-focused approach.
Commercial Litigation client
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Posted 12 September 2025
Our experience with Rothera Bray has been approachable, efficient, reliable and understanding. Communication has been excellent, providing correspondence to both parties in a professional manner. We would not hesitate in recommending Rothera Bray for any legal requirements.
Commercial litigation client
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Posted 15 September 2024
Had a difficult dispute resolution which required solicitor assistance, I was advised to contact Rothera Bray and dealt with Grant, however Grant had moved onto pastures new. Jade Belcher took over matters instantly and was very informative and up to speed with the matter providing guidance on what avenues I could potentially take as well as well has make contact with the debtor who eventually accepted liability and managed to obtain a payment plan out of the debtor. Thanks for all your help Jade
Rees
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Posted 23 May 2023
Grant at Rothera Bray was exceptionally helpful in helping us pursue a commercial debt. I would happily recommend Grant and Rothera Bray as a company for anything legal.
Matt Ronan
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Posted 23 May 2023
I have known Grant for a number of years now in a professional capacity. He is really friendly, knows his stuff and I feel as a professional advisor, I could trust him for an honest, accurate opinion. I wouldn't hesitate in recommending him to clients needing advice.
Louise Carrington
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Posted 23 May 2023
I cannot recommend Rothera Bray enough. Grant was so incredibly helpful at a very stressful time for us in helping to resolve two financial conflicts. Nothing was ever too much for him and the care and level of service he provided was out of this world. It's very rare in today's day and age to get such good service, but Grant and Rothera Bray really went above and beyond. My disputes were resolved very quickly and effortlessly, and I know that we could not be more grateful. If you're looking for solicitors, please read the reviews and know that this is a company full of wonderful people who you can trust and have your best interest at heart. Thank you Grant, you have been amazing.
Kayleigh S
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Posted 23 May 2023
We found Rothera Bray/Grant very professional and helpful in assisting us in resolving our legal/dispute issues. Would use them again in the future.
Pete Ellis
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Posted 23 May 2023
Grant is always available, very helpful and very professional. I would have no hesitation in highly recommending his legal services.
Jez Tribe
Richard Hammond
Partner & Head of Risk and Compliance
Richard Hammond is a Dispute Resolution specialist and mediator at our Lace Market office in Nottingham. Richard is also a notary public, processing client documents for international use.
Richard Bates
Partner & Head of Dispute Resolution
Richard Bates leads the Dispute Resolution team at Rothera Bray. Richard is a litigation specialist and can provide a wide range of services to both commercial and private clients.
Caroline Bowler
Partner
Caroline Bowler is a partner in our Dispute Resolution team and an equine law specialist at Rothera Bray, which is the Official Legal Partner to British Dressage and The British Show Pony Society. She works from our Lace Market office and has been described as “one of the best equine lawyers” in the Legal 500.
James Carley
Partner
James is a Partner in the Dispute Resolution department and is very experienced in dealing with commercial and personal litigation matters.
Nicky Calthrop-Owen
Consultant
Nicky Calthrop-Owen is an Insolvency and Restructuring Consultant and is based at Rothera Bray’s Nottingham office.
Kendal Litherland
Consultant
Kendal Litherland is a Consultant in Rothera Bray’s Dispute Resolution department and is based at our Nottingham city office.
Ruth Ball
Managing Associate & Head of Insolvency
Ruth Ball is a Managing Associate and the Head of Corporate & Individual Insolvency at Rothera Bray and is based at our Lace Market, Nottingham and Market Harborough offices.
Terhi Sygrove
Recoveries Manager
Terhi Sygrove is a debt recovery specialist and head of the debt recovery department at our Lace Market, Nottingham Office.
Jade Belcher
Associate Solicitor
Jade Belcher is an Associate Solicitor in Rothera Bray’s Dispute Resolution department and is based at our Lace Market office.
Tom Barry
Solicitor
Tom is a Solicitor in our Dispute Resolution department and is based at our Lace Market office.
Amrita Johal
Solicitor
Amrita Johal is a solicitor in Rothera Bray’s Dispute Resolution department and is based at our Lace Market office.
Millie Moreton
Solicitor
Millie Moreton is a Solicitor in Rothera Bray’s Dispute Resolution team and is based at our Lace Market office.
Jayde Pullar
Senior Paralegal
Jayde Pullar is a Senior Paralegal in Rothera Bray’s Dispute Resolution team and is based at our Lace Market, Nottingham office.
Eleanor Kivneen
Paralegal
Eleanor is a Paralegal in our departments for Dispute Resolution for Individuals and Dispute Resolution for Businesses. She is based at our Nottingham Lace Market office.
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