Insolvency and Debt Recovery
At some stage in the life of a business it is likely that the business will face cashflow, or some more fundamental, problems. This may be because your customers are delaying payment. An efficient debt recovery process is essential to ensure a healthy cashflow, and we can assist you in establishing an efficient internal system and in recovering debts if that internal system has reached a dead end.

If your problems are more serious, then given current legislation on Directors' responsibilities, sound and experienced insolvency advice is essential.

We have extensive contacts with commercially aware insolvency practitioners and with accountants and finance houses who can guide you.

If you have a customer or supplier who seems to be insolvent, you need to know where you stand; we can assist.

If you are a bank or other lender and hold security, we have extensive experience in liquidation, receivership and administration; we have a particular experience in relation to nursing home and public house insolvencies.

If you are a company Director there may be implications for you personally in the company's insolvency; we can advise.

What we can do for you

Our expertise extends to the following areas:-

  • insolvency options
  • enforcing securities
  • directors duties on insolvency
  • acquisition of assets from insolvent companies
  • debt recovery and advice on debt procedures
  • hotel/public house sector and nursing homes

We realise that companies in financial difficulties require advice which is not only accurate but also practical and prompt. We aim to assist clients who are in financial difficulty, or clients with customers or suppliers in financial difficulty, as quickly as possible. We can suggest commercial solutions to legal problems.

Contacts

  Morinne Macdonald (Director) mm@macdonaldhenderson.co.uk

  Philip Hannay (Associate) philip@macdonaldhenderson.co.uk

  Tel: 0141 248 4957

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Macdonald Henderson Limited t/as Macdonald Henderson Solicitors, Registration No. SC284173,
Registered Office: Standard Buildings, 94 Hope Street, Glasgow, G2 6PH
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