Craig joined Isadore Goldman in 2009 from a large international firm. He works on the full range of contentious 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’s corporate 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 and where complex investigations are necessary. He has extensive experience dealing with illegal dividend claims and overdrawn directors’ 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 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). such as dealing with bankrupts who lack capacity and others who are evasive. Craig also has advised a number of bankrupts in connection with successful annulment/rescission applications.
Craig regularly appears as an advocate before District Judges and Insolvency and Companies Court Judges on a variety of corporate and personal insolvency matters. He recently 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 re-written the chapter on debtors’ bankruptcy applications.
Craig is ranked as an Associate to Watch in the 2021 and 2022 editions of Chambers and as Up and Coming in the 2023 edition. He was also listed as one of the top ten most influential personal insolvency lawyers in the UK by Business Today.
"An experienced solicitor who is very diligent and very knowledgeable." "He is exceedingly good.”
"Craig is excellent, he is always prompt and provides very good and considered advice."
"I always get excellent advice from Craig Parrett."
Chambers and Legal 500
"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
"There are few insolvency lawyers out there that impress me, but Craig is one of them"
"Thank you immensely for all that you have done for me and [family member], I truly could not have got through these last few months without your calm, sensible and understanding help. I had pretty well got to the end of my tether when you came into the picture and I didn’t know which way to turn, but you have cleared a path through our difficulties, sorted our conflicts into manageable decisions and helped me to see what our options were"
Directors subject to claims