Insolvency and Restructuring Testimonial – Purchase of a Business from Administrators

As specialists in Insolvency and Restructuring, our insolvency law solicitors in Birmingham were delighted to receive this testimonial from a client in California, which only goes to show that it doesn’t matter where our clients are based. In this case we helped our client through the complicated process of acquiring the business and assets of his previous company from its administrators through a Newco, allowing trading to commence quickly.

The Details of this Insolvency and Restructuring Testimonial

“I instructed the team at NDP to advise me in relation to the administration of my previous company and the acquisition of the business and assets of the same from its administrators via a Newco.  It required urgent action. I was impressed with the quality and speed of service provided and with how accessible and approachable the NDP team was, even allowing for the time zone difference between California (where I was based) and the United Kingdom.

NDP’s insolvency law solicitors in Birmingham assisted me at a very difficult time with drafting and lodging at Court the Notice of Intention to Appoint Administrators in order to commence the statutory moratorium from actions by creditors, so that the company could seek and obtain the advice of a Licensed Insolvency Practitioner without pressure from creditors.

I was assisted by NDP with the terms of the purchase from administrators and with the sale and purchase documents, so that we could ultimately trade through the new company moving forward.

With hindsight I wish that I had instructed NDP earlier, so that I could have had NDP’s advice and support in the lead up to insolvency as well as after the event. I cannot recommend the NDP team highly enough. I wouldn’t hesitate to use them again in relation to insolvency work and also in respect of my company’s legal needs generally.

(BG – CALIFORNIA, USA)

Is Your Business Facing an Insolvency or Restructuring Problem? Contact Us

Our team of insolvency law solicitors are experienced in all aspects of insolvency and restructuring, including: setting up a new business, buying and selling businesses in insolvency, re-financing and restructuring businesses and director disqualification problems. So if your business is facing a problem in this broad area, contact us or call us on 0121 200 7040 for a free initial consultation. It doesn’t matter where you are based, as this testimonial shows, but the sooner you get in touch the more likely it is that we can help