Debt Recovery and Insolvency Practice

Debt Recovery and Insolvency Practice

Our partners have combined experience of over 15 years in debt recovery and insolvency actions on behalf of banks, corporations and individuals. In recovery and insolvency matters, we employ methods that give our clients just, timeous and economic result because we are mindful of the time value of money. Thus, we have mastered the gains and procedures of recovering debts through pre-emptive orders like mareva injunction, freezing orders, orders to take possession of mortgaged property/assets, garnishee and bankruptcy orders.

We deal with other special issues (depending on available documentation) through insolvency practice means like winding-up petitions, bankruptcy proceedings and appointment of Receiver or Receiver/Manager. One of our Partners had at various times acted as Receiver or Receiver/Manager while the other Partners had functioned prominently as Solicitor/Counsel to the Receiver/Manager. In the exercise of the powers of the Receiver or Receiver/Manager, we have taken possession of assets such as farmlands, petroleum storage tanks (tank farms), vessels, commercial properties, industries and factories covered by the agreement of facilities that have become toxic.