At Charles Gomez & Co we have hands on experience representing clients in corporate insolvency and personal bankruptcy and assisting in corporate rescue.
Our involvement in the largest insolvencies in Gibraltar and our independence give us a high level view of this area of work.
By definition, insolvency brings to an end ventures and personal ambitions. Gibraltar’s legislation was updated to a state of the art body of law in 2011 following United Kingdom models but the end result for insolvent persons and their creditors remains the same; often the fees of liquidators and trustees in bankruptcy deplete whatever is left.
The right decisions have to be made from day one and pursued by insolvent parties, creditors, committees of inspection and practitioners alike with clarity and versatility. In our experience the first days are crucial and false turns can lead to unnecessarily negative outcomes. Sometimes years of litigation can be avoided by the application of strategic planning from the outset.
If you have concerns or are already in a difficult situation then the sooner that you contact us the better. We will do our best to achieve the best result possible for you