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DTM Legal
5/5
350+Reviews
Chester Office: 01244 354 800
Liverpool Office: 0151 321 0000

Business Recovery & Insolvency Services for Business Owners

When your business is struggling, it’s essential to have a trusted partner by your side.

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Financial pressure can place significant strain on a business and those responsible for managing it. Obtaining clear legal advice at an early stage can help you understand your position, protect your interests and identify the options available to the business.

DTM Legal provides practical business recovery and insolvency advice to company directors, shareholders, partners and other business owners. Whether you are seeking to stabilise and restructure the business, negotiate with creditors, plan an orderly exit or navigate a formal insolvency process, our experienced team will provide advice tailored to your circumstances and commercial objectives.

Where recovery remains possible, we can help you explore restructuring, refinancing, turnaround and disposal strategies designed to preserve value and support the future of the business. Where formal insolvency proceedings are necessary, we will explain the available routes, help you understand their implications and guide you through the process.

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Recovery and Insolvency Services

Our Business Recovery and Insolvency solicitors advise business owners on:

  • Administrations
  • Insolvency Options and Advice
  • Creditors’ Voluntary Liquidation
  • Members’ Voluntary Liquidation
  • Company Voluntary Arrangements
  • Individual Voluntary Arrangements
  • Partnership Disputes
  • Distressed Debt Trading
  • Business Turnarounds and Disposals
  • Business Exit Strategies
  • Technical Insolvency
  • Debt and Equity Restructuring and Refinancing
  • Asset Realisation and Sales
  • Assistance with Investigations
  • Guarantees, Charges and Asset Protection

Why Instruct DTM Legal?

Business recovery and insolvency situations often involve urgent decisions, competing interests and significant financial consequences. Our solicitors provide practical and commercially focused advice to help you understand your options and make informed decisions.

We take the time to understand the wider circumstances surrounding the business, including the pressures it is facing, the interests of its creditors and stakeholders, and your objectives as a director, shareholder, partner or owner.

Our Business Recovery and Insolvency team works closely with colleagues across DTM Legal, including specialists in Corporate and Commercial law, Dispute Resolution, Employment and HR, Commercial Property and Banking and Finance. This collaborative approach allows us to address the wider legal and commercial issues that can arise during a restructuring, turnaround, business sale or insolvency process.

We provide:

  • Clear and practical advice tailored to your circumstances
  • Early guidance on the options available to the business
  • Support with negotiations involving creditors, lenders and other stakeholders
  • Advice on protecting business value and managing personal exposure
  • Assistance throughout restructuring, recovery and formal insolvency processes
  • A coordinated service covering the wider legal needs of the business

Get in Touch

Ready to take the next step with DTM Legal on your side? Contact Richard Thomas and the Business Recovery & Insolvency team at DTM Legal today to arrange a consultation and explore how we can help you achieve your goals.

Contact Richard and the Business Recovery & Insolvency team by calling 01244 354 800 or via email at richard.thomas@dtmlegal.com.

Key Contact
Head of Business Recovery
DTM Legal
5/5
350+Reviews

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Let’s Discuss Your Case

The earlier you seek advice, the more opportunity there may be to explore recovery, restructuring or refinancing options. Before speaking with a solicitor, it can be helpful to consider the following matters and gather any relevant information. Read our Key Considerations guide to understand some of the points a solicitor may wish to discuss when responding to your enquiry. It can help you prepare the relevant information and make your initial conversation more productive.

View Key Considerations
DTM Legal
5/5
350+Reviews

Business Recovery & Insolvency Team

Richard Thomas

Head of Business Recovery
Kate Roberts

Partner / Head of Liverpool
Richard Harris

Partner, Dispute Resolution
Anna Abell

Solicitor, Dispute Resolution
Leanna Guy

Solicitor, Dispute Resolution
Jordan Foulkes

Trainee Solicitor

Frequently Asked Questions

Commonly asked questions relating to Business Recovery & Insolvency legal services.

You should seek advice as soon as you become concerned that the business may struggle to meet its financial obligations. Warning signs may include persistent cash-flow problems, overdue tax or supplier payments, increasing creditor pressure, missed loan repayments or concerns about the company’s ability to continue trading.

Seeking advice early can provide more time to explore options such as refinancing, restructuring, creditor negotiations or a business sale before formal insolvency proceedings become necessary.

Financial difficulty does not automatically mean that a business must stop trading. Depending on the circumstances, it may be possible to continue while pursuing new finance, negotiating with creditors, restructuring debts or considering a formal recovery process.

However, directors of an insolvent company have specific legal duties and must take particular care to protect creditors’ interests. You should obtain professional advice before continuing to incur liabilities where there is uncertainty about the company’s ability to pay its debts.

Administration is generally intended to protect a company from creditor action while a rescue, restructuring or sale is explored. A Company Voluntary Arrangement allows an insolvent company to reach an agreement to repay creditors over a fixed period and may enable it to continue trading.

Liquidation involves bringing the company’s affairs to an end and realising its assets. A Creditors’ Voluntary Liquidation is used where a company cannot pay its debts, whereas a Members’ Voluntary Liquidation is available to solvent companies whose owners wish to close them. The most appropriate option will depend on the company’s financial position and the outcome you are seeking.

A limited company is generally responsible for its own debts. However, a director or business owner may face personal exposure in certain circumstances, including where they have provided a personal guarantee or where concerns arise about their conduct and decisions before or during insolvency.

A personal guarantee is a legally binding commitment to repay a particular company debt if the company fails to do so and may place personal assets at risk. It is important to obtain advice about the terms and enforceability of any guarantees at an early stage.

The information required will depend on your circumstances, but it is helpful to provide recent accounts, cash-flow forecasts, details of creditors and debtors, correspondence from creditors, finance agreements, personal guarantees and information about the business’s principal assets and contracts.

You should also explain any immediate deadlines or threatened action, such as a statutory demand, court proceedings, enforcement action or a winding-up petition. Providing a clear overview will help your solicitor assess the urgency of the position and identify the options that may be available.

What our Clients Say

See what our customers have to say about their experience

Review Solicitors Stars
5/5 350+Reviews
Zoe
06/10/2025
Richard Thomas’s advice was excellent: he was supportive and helped me keep matters in perspective
Emma
11/08/2023
The first time we visited DTM Legal we were greeted by a very pleasant receptionist who made us feel very welcome. We were not used to dealing with solicitors so this made us feel at ease. Richard Thomas is also very pleasant and again made us feel very comfortable. During the whole process we were kept up to date with face to face appointments and the later half through emails and telephone conversations due to coronavirus. His knowledge is exceptional and he helped us get the result that we were happy with.
Reuben
01/07/2026
The team is friendly, helpful, readily available, very knowledgeable, considerate and adds value, Richard Thomas is excellent

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