Specialisms
About
I am proud to be a Recovery and Restructuring Partner and licensed insolvency practitioner in the Menzies Business Recovery team, dealing with all manners of corporate and personal insolvency. I also deal with solvent company restructurings and liquidations which I use to help successful entrepreneurs to distribute capital they have built up in their businesses in a tax efficient manner.
I work with all types of stakeholders; including directors, secured and unsecured creditors and shareholders to achieve the best possible outcome by providing honest, pragmatic advice.
Over the years, I’ve worked with a number of stakeholders to achieve great results for them but my proudest case to date was to advise a company with a large number of retail outlets that was in grave financial difficulty. Utilising the insolvency tools available, I was able to steer the company through a trading administration, which was then followed by a voluntary arrangement to pay all creditors in full before placing the company into a solvent liquidation and returning surplus money to the shareholders. Had this case gone to another firm, I am sure the outcome may have been different.
I am a people person and thoroughly enjoy meeting new people, working with them and helping a wide variety of stakeholders. Although I am a chartered accountant and an insolvency practitioner, I like to look for a solution to a problem without using an insolvency process.
Outside of work, I enjoy getting together with family and friends. On occasions, I have been known to follow a North London football team that has given me joy in the past and will hopefully do so at some point in the near future.
As with everything in life, I believe the best way to solve any problem is to talk it through so please either call me or email me and I will endeavour to come back to you as soon as possible as I appreciate that speed of response in these situations can be crucial.
Email: fkhalastchi@menzies.co.uk