Navigating financial instability, debt restructuring or insolvency is complex and challenging. Our team brings specialist knowledge and seamless support to achieve the best possible outcome, tailored to your needs.

Restructuring & Insolvency

"Michelmores is experienced in all aspects of insolvency work, from bankruptcy and individual voluntary arrangements to administrations and liquidations. The firm is also well known for advising administrators on pre-pack sales and trading administrations."

Chambers UK 2023

Expert restructuring and turnaround solutions

Our team offer a comprehensive restructuring service to both corporate entities and individuals, covering both contentious and non-contentious matters.

Across the UK and internationally, we advise lenders, companies and directors in relation to the financial reorganisation of companies as well as the use of innovative restructuring mechanisms.

Our experience includes providing advice in respect of debt-to-equity swaps, restructuring or re-scheduling of senior, mezzanine and unsecured loans and other financial instruments including bonds and swap arrangements.

Specialist insolvency advice

We have significant experience in dealing with every aspect of insolvency, of both a contentious or non-contentious nature. We act for insolvency practitioners in respect of the disposal and recovery of assets; challenging antecedent transactions; and pursuing directors’ duties claims. We also support a range of stakeholders involved with insolvent businesses and individuals, including creditors and directors, to understand and navigate the impact on them.

Drawing on our cross-departmental expertise in areas including banking, corporate finance and FinTech, we work with colleagues Firm-wide to provide a customised service to meet each client’s individual needs, including advice on financial risk and corporate governance.

Recent experience

Advising York Global Finance BDH, LLC, one of the respondents to the Waterfall II application made by the directors of Lehman Brothers International (Europe) in connection with the distribution of the surplus in that administration.

Advising the UK board of directors of a major listed international law firm on their duties during a period of financial distress and restructuring.

Advising Head UK in relation to the restructuring and pre-pack purchase of swimwear brand, Zoggs.

Advising a large benevolent investment fund on the wind down of certain SPVs which had contracted with the UK Government to provide key supplies during the Covid-19 Pandemic.

Advising a large UK sports travel business on obligations under certain JV arrangements following the Tokyo 2020 Olympic Games.

Advising a bond holder on a dispute with other investors and a proposed Restructuring Plan.

Advising the Luxembourg issuer of a €200m bond raised to provide finance for a large Spanish photovoltaic array in connection with its restructuring.

Advising Ticketus LLP in connection with its claim of £27m arising out of the collapse of the Rangers Football Club PLC.

Advising numerous individuals with £multi-million debts based overseas in relation to English bankruptcy and IVA procedures.

Acting for the administrator of a media company with US subsidiaries and dealing with a complex pre-pack asset sale.

Advising the liquidator of a recruitment company and dealing with recovery action against several associated parties in respect of voidable antecedent transactions.

Acting for the trustee in bankruptcy of a sole trader operating a haulage/agricultural business. Dealing with the contentious realisation of assets and the examination before the court of associated parties.