Key Considerations for Business Owners – Business Recovery & Insolvency

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.

Request a Call Back Contact Us

Contact Us

Let us know how we can help and a member of the DTM Legal team will get in touch.
Contact Us

Below are some of the points a solicitor may wish to discuss when responding to your enquiry. It can help if you prepare the relevant information so that your initial conversation is more productive.

  • The Current Financial Position – Be prepared to provide an overview of the business’s current financial circumstances.
  • Creditor Pressure – Consider whether creditors have taken, or threatened to take, any formal action.
  • Loans, Security and Personal Guarantees – You should identify any loans, overdrafts or other funding arrangements connected to the business.
  • Business Assets – Have an outline of the assets owned by the business, including property, equipment, vehicles, stock, intellectual property and money owed by customers.
  • Employees – Consider how many people the business employs, whether wages and pension contributions are up to date, and whether redundancies, transfers or changes to employment arrangements may be required.
  • Contracts and Ongoing Commitments – Gather details of significant contracts, leases and ongoing commercial commitments.
  • Ownership and Management – Your solicitor may need information about the ownership and management of the business, including its directors, shareholders or partners.
  • Previous Transaction – You may be asked about significant transactions completed by the business.
  • Your Preferred Outcome – The preferred outcome may not always be achievable, but understanding your priorities will help your solicitor provide focused and commercially relevant advice.

Request a Consultation

  • This field is for validation purposes and should be left unchanged.

Whether you need legal advice or support with a specific matter, our team is here to help. We take the time to understand your situation and provide clear, practical guidance tailored to your needs, helping you move forward with confidence.

Contact Us
DTM Legal
5/5
350+Reviews

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