When a small or medium-sized business turns to its lawyer for help, it’s often already in distress, even if the client doesn’t quite realise it. Perhaps they’re seeking advice on a new loan, refinancing the family home, or dealing with pressure from creditors. An accountant and lawyer should spot the signs of deeper financial trouble.

This practical webinar offers a structured framework to help accountants and lawyers work together and support SME clients through the early to mid-stages of business difficulty. From first signs of strain to potential insolvency, our panellists will share their varied perspectives and guide you through the stages a struggling business might face. They’ll explore how both accountants and lawyers can assist clients in evaluating realistic options, protecting personal assets, and deciding whether the business is viable. They will also address critical considerations, including how stakeholders will be affected and the wider implications of the various options available.

With practical insights and real-world examples, this session will help you guide your clients through one of the most challenging phases of their commercial journey.

Learning Outcomes

• Identify key early warning signs of business distress and engage clients in timely conversations.
• Understand the range of informal steps that can be taken to stabilise a business before formal insolvency is required.
• Recognise when to escalate a matter to an insolvency practitioner.
• Explore available restructuring options, both informal and formal, and their implications for the client and key stakeholders.
• Advise clients on risks associated with personal guarantees, general security agreements, and asset protection.
• Navigate difficult client conversations around viability, personal exposure, and business priorities.
• Understand the professional boundaries and collaboration points between accountants, insolvency practitioners, and lawyers in these scenarios.

Who Should Attend?

Commercial lawyers, General practitioners and in-house Counsel. 

Accountants and Business advisors.

Presenters

Keaton Pronk, Partner, McDonald Vague

Sarah Rawcliffe, Litigation Partner, Harkness Henry

Thomas Sim, Partner, BetterCo.

Learning Outcomes