Insolvency Recovery
Financial distress can affect even the best-run businesses. At JP Egan & Company, we provide expert Insolvency Recovery services to help companies in Ireland navigate challenges, restructure operations, and explore practical paths to recovery — or closure, where necessary.
Insolvency doesn’t have to mean the end. With early intervention and the right support, many businesses can stabilise their finances, regain control, and return to viability. For others, a managed wind-down may be the best course of action. Either way, our experienced team is here to guide you through every stage with sensitivity, professionalism, and strategic insight.
We understand how stressful it can be to face insolvency. That’s why we take a calm, solution-focused approach, working closely with business owners, directors, and stakeholders to assess the situation, explore options, and take action. Our advice is practical, tailored, and grounded in deep knowledge of Irish insolvency law and recovery strategies.
Whether you’re struggling with mounting debt, creditor pressure, or declining cash flow, JP Egan & Company can help you regain clarity, make informed decisions, and move forward — with dignity and confidence.
Things to Know or Watch Out For with Insolvency Recovery
- Early Action Offers More Options
The sooner you seek professional advice, the more recovery strategies will be available. Delaying often limits your choices. - Directors Have Legal Duties in Insolvency
Once a company is insolvent, directors must act in the interests of creditors. Failure to do so can result in personal liability. We help you understand your responsibilities. - Cash Flow Insolvency Is Common
Many businesses become insolvent not due to losses, but due to cash flow problems. We can help with restructuring or renegotiating terms to ease pressure. - Creditors May Accept Reduced Settlements
Through negotiations or formal arrangements, creditors will often accept reduced payments over time — especially when handled professionally.
- Liquidation Is Not Always a Failure
In some cases, closing a company is the most strategic decision. We ensure the process is legally compliant, cost-effective, and professionally managed. - Receivership Is Different from Liquidation
In a receivership, control passes to a receiver acting for a secured lender. We help protect stakeholder interests and explore recovery potential. - Personal Guarantees Need Specialist Advice
Many directors have signed personal guarantees. We help you assess your exposure and negotiate outcomes where possible. - You Still Have Rights as a Director or Business Owner
Even in insolvency, you have rights and responsibilities. We’re here to ensure they are protected and upheld throughout the process.
JP Egan & Company
Frequently Asked Questions
A company is insolvent if it cannot pay its debts when due or if its liabilities exceed its assets. We assess your situation and explain your options.
Contact us immediately. Early action is essential. We will review your financial position and help you explore restructuring or managed closure options.
Only if there’s a reasonable prospect of recovery — and directors must act in creditors’ best interests. We help ensure all actions are legally compliant.
Liquidation is the formal winding up of a company. Receivership involves a secured creditor appointing a receiver to take control of assets. We advise on both.
Yes — we act on your behalf to propose repayment plans, reduce debts, or arrange formal insolvency arrangements when appropriate.
Examinership is a court-supervised restructuring process that can protect companies from creditors while a recovery plan is developed. We can advise on suitability.
We provide expert advice on managing personal guarantees, including negotiation strategies and protection of personal assets.
Yes — we assist all business types, including sole traders and partnerships, with insolvency advice and recovery planning.
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