Since the beginning of the downturn business people and investors have been looking frantically at how the recession has impacted on their net worth and solvency. They are facing a decrease in the value of their property and equity investments funded by borrowings that now are greater than the value of those investments.

The changed market conditions have significantly damaged consumer confidence and overall consumption in a variety of sectors, affecting the solvency of investment portfolios and the stability of businesses.

The scale of the issues and the competing nature of the demands in terms of personal debts, personal investments and business needs have resulted in some paralysis at a time when an integrated and well thought out plan is required.

Our advisory team, who understand the pressures that investors and business owners are under, can help them to evaluate their financial position and legal obligations. This evaluation would include the preparation of a realistic statement of affairs and a schedule of possible solutions for the settlement of liabilities due to banks and other to creditors.

At O’Donovan Lavin, we would enter into negotiations with your bank to restructure your loan repayments by way of a moratorium or variation of the loan terms. In cases where there are other of creditors, we would seek a solution through negotiating with them.