Bermans Insolvency and Financial Rescue team
As we head into 2021 and the inevitable restructure of the economy as we (hopefully) return to some sort of normality, we thought it would be useful to share details about the depth of experience in our Insolvency team and to share some of their experiences during the lockdown.
Partner and Head of Insolvency, Phil Farrelly, will be known to many of you and has been with Bermans since 2005. He is a familiar face on the North West legal scene and has extensive experience of acting for insolvency practitioners, ABL and other lenders and directors in all aspects of corporate insolvency.
The team has recently been strengthened with the arrival of two experienced insolvency solicitors.
Martin March joined as a Partner in 2020 and has more than 20 years’ experience working in the insolvency and restructuring arena. Martin focuses on transactional and advisory work, acting for business owners, insolvency practitioners and other professionals in relation to business restructuring. He has extensive experience acting for insolvency practitioners, corporates, ABL and other lenders advising on restructuring and new lending matters. He has also been involved in a number of high-profile property related insolvencies involving distressed “investor funded developments”.
The other new member of the team is James Whittaker who joined the team in 2019, he has experience acting for and advising companies, individuals, directors, creditors and office-holders within insolvency proceedings in respect of both contentious and non-contentious assignments.
Recent assignments include acting for lenders and administrators in relation to the refinancing and sale of Liverpool Based modular housing manufacturer, Ideal Modular Homes Limited, and the sale of the site and business assets of chemicals company, Contract Chemicals Limited
As you would expect the team has been busy throughout the lockdown although much of this work has been advisory.
The main push is likely to be in the 2nd half of 2021 when the economic effects of the pandemic start to be felt as Government support unwinds and businesses begin to look to the future.