Construction Insolvency – IG Construct
At Isadore Goldman, we offer a holistic solution for Insolvency Practitioners (IPs) advising or appointed over insolvent construction companies with funding available should it be required.
Through our new service, IG Construct, we can offer bespoke support specifically tailored for insolvency practitioners.. Our aim is to provide IPs with all of the expertise they need to manage the typically complex insolvency scenarios facing distressed construction companies, all under one roof.
Combining our industry-leading expertise in insolvency law with the commercial skills and construction industry experience and the expertise of our sister company, Isadores, along with our in house Quantity Surveyors and Adjudicators, we can provide an in-house, fully integrated, full-service solution for IPs dealing with construction company insolvencies.
Our expert legal team can offer support for insolvency practitioners with all matters related to construction insolvency, including:
- Early-stage investigations
- Business turnaround
- Formal insolvencies
- Determining what is recoverable
- In-house quantity surveying
- Resolving construction insolvency disputes
- Debt recovery
- Cross Border and International
For immediate, expert advice on construction insolvencies, please contact Monica Kapur on mkapur@isadoregoldman.com
Why choose Isadore Goldman? ?
Independently recognised expertise
Our expertise in insolvency law has been confirmed by high-profile client guides including Chambers & Partners and the Legal 500.
Funding available
Funding is available should it be required by an IP.
Out-of-the-box thinking
No insolvency situation is quite the same as any other and, when it comes to insolvent construction companies, matters can be particularly complicated. Drawing on our decades of experience, we can provide solutions that nobody else would think of for even the most difficult issues.
IG Construct
Early-stage investigations
Sorting out the details of construction projects is often highly challenging, especially where there are various contractors, sub-contractors and suppliers involved.
Variable record keeping as well as a tendency for the scope of work to change during a project can make it particularly tricky to understand what has been agreed, what has been carried out, what has been paid and what is owed.
Our experts can assist insolvency practitioners by investigating these matters, helping to establish the facts and determine where money is owed, who to and what for. This can then help to provide a solid basis for any ensuing proceedings.
Business turnaround
Where there is the possibility of turning a business around, an IP may have many different options to explore. Having the right commercial legal expertise on hand can make the chances of a successful turnaround much more likely.
We can assist with assessing the viability of turning a business around and the options for doing so. Our commercial law experts can then support IPs with matters including selling assets, restructuring and options such as CVAs.
Formal insolvencies
Where formal insolvency proceedings are required, there are a range of services our experts can offer for insolvency practitioners. You can read more about this on our page describing our general services for insolvency practitioners.
Determining what is recoverable
Determining what is recoverable is often one of the most challenging parts of a construction insolvency given that the written record of agreements, changes and payments is not always clear.
Our team are highly skilled in combing through the evidence and working with interested parties to determine what is a realistically recoverable debt. This can save a lot of time and frustration, whilst also ensuring the maximum amount possible can be recovered for creditors.
In-house quantity surveying
We have our own in-house team of quantity surveyors who can assist IPs with services including site audits, gauging the status and financial viability of projects, and seeking contracts and documentation to conduct a thorough analysis of a projects.
Resolving construction insolvency disputes
Disputes are common in construction insolvencies, especially where there are very substantial sums involved. It is normally in everyone’s best interests to resolve these disputes as early and amicably as possible to keep the cost and disruption involved to a minimum.
Our team includes in-house adjudicators and specialist insolvency lawyers with construction expertise. We can assess the strength of evidence and viability of claims, then help those involved to come to sensible resolutions swiftly and cost-effectively wherever possible.
Contact our experts for help with construction insolvencies
For transparent, pragmatic advice please contact Monica Kapur on mkapur@isadoregoldman.com
You can also download further information on IG Construct here.