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Insolvency and Financial Rescue

Clear and pragmatic legal advice

Insolvency and Financial Rescue

Bermans Insolvency and Financial Rescue team is recommended by Legal 500 for its ‘wide range of experience, clear and pragmatic advice and good value for money’ acting for lenders, administrators, liquidators and corporate clients. Team head Phil Farrelly is described as ‘practical, commercial and technically strong’.

We focus on achieving the best possible outcome and take decisive action to protect our clients’ interests.

We have a proven track record in advising office holders, stake holders and individuals in challenging financial situations and may even be able to assist in avoiding formal insolvency as a result of our early involvement.

Our market leading sector specialisms in Invoice and Asset Finance services give us strong links with a large network of lenders which afford us a unique insight into insolvency issues involving ABLs allowing us to deliver cost effective practical results for our clients.


Clients we work with


  • Lenders and Finance companies
  • Insolvency practitioners
  • Private debenture holders
  • Creditors
  • Directors
  • Individuals

Key Services


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Corporate insolvency advice on:

  • Insolvency procedures
  • Administration
  • Receivership
  • Liquidation
  • CVAs
  • Security and its enforcement
  • Insolvency Litigation
  • Directors' Disqualification
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Personal Insolvency advice on:

  • Insolvency options
  • Bankruptcy
  • IVAs
  • Insolvency Litigation

Key Contacts


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Philip Farrelly

Phil Farrelly is head of our restructuring and insolvency team and serves on Bermans board. Phil is a familiar face on the north west legal scene and has extensive experience of acting for insolvency practitioners.


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Joanne Culley

Joanne Culley is a Senior Associate who joined Bermans in November 2016 . Joanne has more than 25 years of industry experience , working with insolvency practitioners, secured lenders, invoice & asset financiers, accountants and directors.