Compassionate guidance through insolvency challenges
Financial pressure can affect any business, regardless of size, sector, or history. Whether you are facing short-term cash flow difficulties, mounting creditor pressure, or considering a formal restructuring, it is essential to understand your legal position and the options available to you. At Parslows LLP, we provide clear, practical legal advice to help Jersey businesses, directors, and creditors navigate financial distress with confidence and clarity.
Insolvency is not always the end of the road. In many cases, early intervention and informed decision-making can preserve value, protect stakeholders, and even lead to recovery. Our role is to help you assess your situation, understand your responsibilities, and take the right steps, whether that means restructuring, negotiating with creditors, or entering a formal insolvency process.
We advise on a wide range of insolvency-related matters, including:
We guide clients through the legal and procedural aspects of voluntary and compulsory liquidation, ensuring compliance with Jersey law and minimising risk to directors and shareholders.
When a company is facing insolvency, directors’ responsibilities shift. We provide clear advice on fiduciary duties, wrongful trading risks, and how to act in the best interests of creditors.
We support businesses and individuals in negotiating with creditors, whether through informal arrangements, payment plans, or more structured processes such as schemes of arrangement
We advise directors and business owners on their exposure under personal guarantees and help assess the enforceability and implications of such obligations.
Jersey insolvency expertise, supporting businesses in tough times
Our team works closely with insolvency practitioners, accountants, and other professional advisers to ensure a coordinated and commercially sound approach. We understand that insolvency is not just a legal issue, it’s a financial and operational challenge that requires joined-up thinking and timely action.
For directors and business owners, one of the most difficult aspects of financial distress is uncertainty. Questions about personal liability, reputational impact, and the future of the business can be overwhelming. That is why we focus on providing advice that is not only legally robust but also empathetic and grounded in commercial reality. We help you understand your rights and responsibilities, weigh your options, and make informed decisions under pressure.
For creditors, we offer support in recovering debts, enforcing security, and participating in insolvency proceedings. Whether you’re a supplier, lender, or landlord, we help you protect your interests and maximise recoveries in a legally compliant and commercially sensible way.
Insolvency situations are often time-sensitive. Delays can reduce the options available and increase the risk of adverse outcomes. At Parslows LLP, we encourage early engagement so that we can help you explore all available avenues, whether that means restructuring the business, negotiating with stakeholders, or preparing for an orderly wind-up.
We also advise on pre-insolvency planning, helping businesses identify early warning signs and put contingency plans in place. This proactive approach can make all the difference in preserving value and avoiding unnecessary disruption.
At Parslows LLP, we combine technical legal expertise with a deep understanding of the Jersey business environment. Our goal is to support you through challenging times with clarity, professionalism, and discretion. Whether you’re looking to restructure, exit, or recover, we’re here to help you move forward with confidence and protect your future prospects.
