OC Insolvency brings together a specialist team of expert insolvency practitioners to provide advice and rescue those in or suffering from the effects of financial distress to achieve the best result from an insolvency process for creditors.
About OC Insolvency
The firm's insolvency practice provides advice on all aspects of insolvency (corporate and personal), as well as, where possible, financial survival. We pride ourselves on our ability to quickly identify the problems that need to be addressed and give clear, concise, and pragmatic advice.
We believe that insolvency is a process that does not arise by accident. Wherever possible we will look to attempt to rescue matters and if at all possible avoid formal insolvency. There will of course be circumstances due to exterrnal factors beyond the control of the individuals or companies concerned, such as changes in legislation and regulation that can adversely affect finances thus causing an insolvency. However, notwithstanding that position there are many instances in which creditors can rightly feel aggrieved when suffering at the hands of rogue directors who may have defrauded them. We do not believe that liquidation or insolvency should be the end of the recovery process but a new beginning brought about by an independent investigation into the financial affairs and dealings that led to a company's or individual's demise.
We believe that creditors may often feel let down by their experiences when an insolvency arises and feel strongly that this does not need to happen. It is the obligation of a Liquidator (or Administrator) to investigate: “…to do everything within his power to realise assets for the creditors, for instance by taking misfeasance proceedings, wrongful/fraudulent trading proceedings and investigating transactions which can be attacked as preferences, transactions at an undervalue and floating charges which may be avoided.” Bailey and Groves “Corporate Insolvency” (Third Edition)
We have extensive expertise in investigating antecedent transactions to maximise realisations for creditors.
Meet the Team
Derick Smith FCA MABRP
Derrick qualified in 1972. He then completed two years post qualifying experience with Arthur Young (now Ernst & Young) in London. He joined Oury Clark in 1974 and was made a partner in 1977. In addition to his responsibilities as a general practice partner (where he has a wealth of knowledge) Derrick acts as an expert witness, is a licensed Insolvency Practitioner and oversees the Financial Services Department.Email Derrick Smith
Charles Pugh LLB
Charles specialises in international commercial litigation and arbitration. His extensive experience covers the breadth of general commercial matters but with particular emphasis on pan-European ligation, insolvency, cross-border asset tracing and professional negligence.
Charles has been ranked in Chambers as a leading practitioner in complex litigation and he regularly contributes editorial content for leading insolvency publications and is a member of the Insolvency lawyers Association.Email Charles Pugh
Georgia Fisher BSc MABRP
Georgia graduated from UWE in 2011 with a BSc in Equine Science. Following this, she joined the Firm in 2011 and went on to pass the Insolvency Practitioners Association, CPI exam in 2013, as well as qualifying as an Insolvency Practitioner in 2016. Georgia has a broad knowledge working on both corporate and personal insolvency cases, alongside managing the Insolvency Team.Email Georgia Fisher