Insolvency Essentials for Business Lawyers

Introduction

Insolvency, both personal and corporate, can feel daunting to many lawyers. It is often viewed as complex, technical and highly procedural.

This virtual classroom seminar explains the key elements of personal bankruptcy in England and Wales, including eligibility, the procedure and its effects. It also outlines the main alternatives, such as IVAs, debt management plans and breathing spaces.

It will then explore the principal types of corporate insolvency - administration, liquidation, CVAs and moratoria - together with their respective advantages and drawbacks.

The session also considers the consequences of corporate insolvency for company directors and the practical steps that both suppliers and purchasers can take to protect themselves when dealing with financially distressed businesses.

Finally, it will look at the common triggers for insolvency, which are not always the debtor’s fault.

What You Will Learn

This live and interactive course will cover the following:

• What is the purpose of both bankruptcy and corporate insolvency?
• The process of personal bankruptcy
• The different types of corporate insolvency
• Their benefits and drawbacks
• The consequences for company directors
• How to guard against insolvency if you are a supplier
• How to guard against insolvency if you are a recipient of supplies
• Typical triggers for insolvency

Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.