Li & Chan Law Firm offers discreet and strategic legal support to clients navigating financial distress. Whether you're an individual overwhelmed by debt or a business facing insolvency, we help assess your options and guide you through UK legal procedures while considering international obligations where applicable.

We advise clients on voluntary arrangements, formal bankruptcy filings, liquidation, and administration. Our approach begins with a thorough review of assets, liabilities, creditor actions, and future recovery prospects. From there, we propose the most suitable legal route—whether rescue, restructure, or orderly wind-down.

For individuals, we handle bankruptcy petitions, income payment orders, and debt relief orders. For companies, we advise directors on fiduciary duties, wrongful trading exposure, and director disqualification risks.

Throughout, we aim to preserve client dignity, maximise legal protections, and manage negotiations with creditors or insolvency practitioners to reduce long-term consequences.

Our services are available to clients in the UK, US, Canada, Europe, and internationally particularly those with cross-border debts or offshore holdings requiring coordinated legal strategies.

Key Features:

1. Individual Bankruptcy & Debt Relief
   We guide clients through personal bankruptcy processes including statutory demand response, court petitions, and income payment orders. We also help assess alternatives such as debt relief orders and individual voluntary arrangements (IVAs) to avoid court action and preserve credit profiles where possible.
   
   

2. Corporate Insolvency & Liquidation
   Advising directors and shareholders of financially distressed companies on liquidation options creditors' voluntary liquidation (CVL), compulsory liquidation, or administration. We support compliance with Companies Act duties and coordinate with licensed insolvency practitioners.
   
   

3. Creditor Negotiation & Settlements
   Assisting with informal restructuring talks, payment holidays, or settlement agreements. Our legal team works to halt aggressive creditor enforcement while safeguarding essential assets and operations.
   
   

4. Cross-Border Insolvency
   For clients with assets or debts in multiple jurisdictions, we provide legal coordination across UK, US, and European insolvency regimes. We ensure recognition of proceedings, protect against duplicate filings, and advise on offshore protections.
   
   

5. Director Liability & Risk Management
   Educating company directors on duties during financial difficulty, including wrongful trading risk, personal guarantees, and disqualification. We help mitigate exposure through timely legal action and proper documentation.