Restructuring and insolvency


Overview

We provide discreet and confidential advisory services to lenders, creditors, companies and individuals in troubled financial situations. Based on our long and successful track record of restructuring and insolvency, we have the deep industry experience and capability to deal with complex cases.

 


Potential issues

  • You are a secured lender, you need to enforce and realise your security.
  • You are acquiring a loan portfolio and need to understand the enforcement options available to you as part of your workout strategy.
  • As part of your overall deleveraging targets you need to dispose of a large volume of non core assets.
  • You are a creditor with a debtor in default and need to consider your recovery options including a winding up order.
  • Your business is distressed with no ability to deal with legacy creditors, an over-leveraged balance sheet and onerous contracts or leases. Consequently the business, despite having a viable future, cannot attract new investment for growth.
  • As part of a corporate simplification or group reorganisation you have a number of solvent subsidiaries that need to be wound up or special purpose vehicles that have reached the end of their commercial life.

 


How can we help?

  • We have a highly experienced corporate receivership team to assist lenders with pre enforcement planning and subsequently accepting the appointment to implement the strategy and maximise the recovery for the appointing lender.
  • We can bring the benefit of many years enforcement experience to loan portfolio purchase due diligence providing enforcement analysis for loan buyers in considering their investment and subsequent work outs.
  • In addition to a highly experienced corporate receivership team we have developed a receivership platform to deal with high volume fixed charge and personal asset receiverships. The process and systems have been developed to ensure efficiency in appointment acceptance, asset disposal and everything in between including risk and compliance procedures for both lender and receiver.
  • We have extensive experience acting as provisional and official liquidator in a variety of cases and sectors maximising recoveries for the petitioning creditor. This often involves investigations and appropriate actions against errant directors and other stakeholders.
  • In addition to court liquidations we regularly carry out creditor voluntary liquidations and can advise in all aspects of preparing for a winding up of insolvent companies.
  • Examinership is the primary formal restructuring process available to deal with businesses in distress with a prospect of future viability. We have acted as examiner and independent accountant in numerous cases over the years more recently in the retail sector to restructure stores estates and upward only leases.
  • We work closely with our tax and investment funds colleagues on both basic and complex solvent liquidations. We have acted as liquidator in a wide range of members voluntary liquidations realising shareholder value in the most tax efficient manner.

 

Contact us

Declan McDonald
Partner
Tel: +353 1 792 6092
Email

Ken K Tyrrell
Director
Tel: +353 1 792 5184
Email

Michael O'Regan
Director
Tel: +353 61 21 2361
Email

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