Independent advice when it matters most
At McTear Williams & Wood, we frequently act alongside company accountants and solicitors or directly for company directors to negotiate with other insolvency practitioners on behalf of their clients. Our objective is clear, to protect your position, achieve fair treatment and deliver the best possible financial and legal outcome.
When another insolvency practitioner has been appointed, you may feel uncertain about your rights or what to expect. We provide independent, practical advice to help you:
- Understand your legal and financial position
- Identify what options remain open, including restructuring, sale, or managed closure
- Negotiate effectively with the appointed IP to protect your interests
We act as an experienced intermediary, bridging the gap between you, your accountant or solicitor, and the appointed IP, ensuring communication remains clear, professional, and productive throughout.
How we negotiate on your behalf
Because our partners are experienced insolvency practitioners themselves, we understand precisely how other IPs operate, how they assess cases, prioritise creditors and manage recoveries. This insight allows us to negotiate from a position of strength on your behalf.
Typical areas where we add value include:
- Challenging fees or asset valuations that appear excessive or unjustified
- Negotiating repayment plans or settlements that safeguard personal or business interests
- Assisting with asset repurchases or “phoenix” arrangements where compliant and beneficial
- Protecting directors or trustees from potential personal liability
- Resolving disputes or points of contention between you and the appointed IP
Director
Understand your financial options
Check the health of your business with our free business health check tool.
Free test includes:
- Company health assessment
- Types of solutions available
- Options & next steps
*All information provided is completely confidential and will not be shared with a third party
Our involvement helps ensure that the process remains fair, transparent, and focused on achieving practical results, not just procedural outcomes.
Working in Partnership with Accountants and Solicitors
We understand that accountants and solicitors are trusted advisers to their clients. Our role is not to replace that relationship, but to enhance it. We work collaboratively by:
- Providing specialist insolvency insight that complements legal and financial advice
- Supporting clients in meetings or negotiations with appointed IPs
- Offering clear, jargon-free explanations of complex insolvency procedures
- Delivering strategic input at key decision points
This partnership approach ensures clients receive joined-up, effective support across financial, legal and regulatory fronts.
Book a free 1-2-1 with one of our specialists
If you or your client are dealing with another insolvency practitioner, don’t face the process alone.
Speak to McTear Williams & Wood for confidential, independent advice on how to negotiate effectively and protect your position.
There is no charge for this meeting – we only begin to charge if and when the terms of engagement have been agreed.
Why McTear Williams & Wood?
- Specialist expertise – Decades of experience negotiating with insolvency practitioners across the UK.
- Independent and objective – We act solely in your interest, with no conflicts of duty.
- Commercially focused – We seek practical solutions that preserve value and minimise loss.
- Collaborative and trusted – Accountants, solicitors and business owners rely on our expertise and results.
Whether you are seeking to rescue a business, recover assets, or navigate formal insolvency, our team can provide the clarity and representation you need.