Craig joined Isadore Goldman in 2009 after completing his training contract at a large international firm. During his training contract, Craig spent a year working in the contentious and non-contentious insolvency/restructuring departments. He also gained mergers and acquisitions experience and experience of the energy industry (whilst on secondment) and undertook pro-bono advocacy work at Bow County Court.
Since joining Isadore Goldman, Craig has worked primarily on the full range of insolvency and restructuring matters from both a corporate and personal insolvency perspective. Craig acts for office holders, creditors, directors, bankrupts and any other interested parties where there is an insolvency process.
Craig undertakes both contentious and non-contentious corporate insolvency work. Craig's contentious work includes winding up petitions (both presenting petitions and defending petitions on behalf of companies), and traditional Insolvency Act claims such as preferences, transactions at undervalue and misfeasance claims. His cases often involve novel issues such as dealing with bankrupts who lack capacity and others who are evasive and where complex investigations are necessary. He has extensive experience dealing with illegal dividend claims and director’s loan account claims, both from the perspective of the office holder and the defendant director. Section 216 and prohibited names is another area where Craig has expertise, both advising in relation to the exceptions and defending claims. Craig’s non-contentious insolvency work includes pre-packs and the sale of the business of a company in liquidation or administration.
Craig undertakes a significant amount of personal insolvency/bankruptcy work including realisations of assets (including any properties registered in the name of the bankrupt), suspensions of discharge (both from the IP and the bankrupt’s perspective), income payments agreements and income payments orders and advising spouses of bankrupts in relation to any rights they may have in the matrimonial home through equity of exoneration. Craig also deals with issues relating to Individual Voluntary Arrangements (IVAs).
Outside of the office, Craig regularly appears as an advocate before District Judges and Insolvency and Companies Court Judges on a variety of corporate and personal insolvency matters. In the summer of 2018, he initiated and undertook a trial in the Rolls Building with the agreement of the ICC Judges whereby pro bono advice was provided to debtors who had a bankruptcy petition presented against them. Craig is also an author for Tolley’s Insolvency and has recently re-written the chapter on debtors’ bankruptcy applications.
Craig is ranked as an Associate to Watch in the 2020 edition of Chambers
"An experienced solicitor who is very diligent and very knowledgeable." "He is exceedingly good."
"Would highly recommend this highly experienced firm that used their great knowledge of the law regarding insolvency/bankruptcy issues to deal with the problem I presented to them in a very thorough way. The results I obtained were as good as I could have wished! Thank you Craig Parrett and the rest of the team"
Family member of a bankrupt
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