Tom Paton



Tom specialises in all areas of corporate recovery and insolvency. He advises insolvency practitioners, banks, companies, individuals and creditors on a variety of insolvency-related matters, at a local, national and cross border level.

He has particular experience in contentious insolvency, acting for insolvency practitioners in claims against third parties brought under the Insolvency Act 1986.

Tom regularly provides internal training to various teams at the firm and also presents seminars on behalf of R3 in the Yorkshire area.

Recent highlights:

  • Leading on the £multimillion debt restructuring of a large waste company via a Company Voluntary Arrangement, in conjunction with a Big Four accountant.
  • Acting for Timothy Bramston of Griffins Insolvency Practitioners as the successful party on the first reported use of the vesting provisions under section 342(1)(b) of the Insolvency Act 1986 (Bramston v Riaz [2014] BPIR (ChD) 43).
  • Acting for Baker Tilly on a high value transaction at an undervalue claim, succeeding at a two day Trial and obtaining an order for indemnity costs.
  • Acting for the P&A Partnership on the Administration of the Sheffield Integrated Systems group of companies throughout their appointment.
  • Acting for Begbies Traynor on a high value asset investigation and appearing in Court as advocate for the successful appointment holder in connected proceedings where full indemnity costs were awarded.
  • Leading a multi-discipline team in advising a Liquidator on a high value, multi-faceted Liquidation, involving complex issues arising from overseas pensions litigation.

Read My Comments On The Latest News

  • 28/08/2014
    Jobs Saved At Unisurf Engineering

    We are delighted to have provided support on this deal and helped achieve a going concern sale.”

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  • 24/03/2014
    Court Battle 'Demonstrates Effective Powers Of Trustees In Bankruptcy'

    While the decision to approve the challenge to the loan is not uncommon, the decision of the court to go to the extent of transferring ownership of an entire company to a Trustee in Bankruptcy appears to be unprecedented. "Such a decision highlights the extremely wide-ranging and effective powers that a Trustee in Bankruptcy has, specifically in terms of the capability to undo transactions and trace funds which are paid out by individuals before they do become bankrupt. "It is undoubtedly a timely reminder to anyone who may fall into financial difficulty, and any indeed creditor considering pursuing bankruptcy proceedings, that Trustees in Bankruptcy have the ability to put finances under significant scrutiny and take steps to acquire any monies possible."

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