Challinors calls in corporate recovery firm as it faces High Court battle over £250k loan from ex-client By Matt Byrne 18 July 2013 17:59 17 December 2015 11:57 Sign in or register to continue reading. It's FREE Sign in Email Password Keep me logged in Forgot your password? Not registered? It's FREE! Register now Register with The Lawyer Lawrence Soc 18 July 2013 at 19:24 Certainly seems as though Challinors are having an impact of sorts. Reply Link Anonymous 19 July 2013 at 12:25 The legal profession are certainly feeling some headwinds at the moment. Reply Link Simon 19 July 2013 at 17:48 What on earth is a law firm doing borrowing money from an old client and then some months later appear to be in financial difficulties. Surely the SRA should investigate this transaction and indeed the whole affairs of the firm. Reply Link Graham 19 July 2013 at 18:13 That’s odd. If the SRA are aware that law firms are in serious financial difficulties should they be allowed to continue to trade and incur further debts? If a Limited Company traded whilst insolvent, the directors could face wrongful trading claims. Reply Link anon 19 July 2013 at 19:41 Isn’t this wrongful trading? Reply Link The Man 20 July 2013 at 06:52 Amazing, never loan money that you can’t afford to lose. Reply Link Lola 20 July 2013 at 23:36 Thanks for finally writing about >Challinors calls in corporate recovery firm as it faces High Court battle over £250k loan from ex-client | News | The Lawyer Reply Link Peter 21 July 2013 at 00:21 A solicitor/client relationship is supposed to be one of trust & confidence. A solicitor who ask a client (even a previous one) to lend money should seriously think twice. What on earth was Challinor thinking… why didn’t they borrow from the traditional sources, e.g. banks etc. Surely the repayment of £250k is not the only issue which has caused them to bring in the corporate recovery team? What’s SRA doing? Reply Link anon 25 July 2013 at 18:41 The bigger point is what on earth was a corporate doing loaning money to a law firm service provider. Very very odd Reply Link Irvin 29 July 2013 at 05:34 You really make it seem so easy with your presentation but I find this topic to be really something which I think I would never understand.It seems too complicated and very broad for me. I am looking forward for your next post, I will try to get the hang of it!extension verge Reply Link Anonymous 31 August 2013 at 01:21 Some of these law firms are Corrupt and are only interested in how much money they can make, they have no client care in mind. Reply Link jassica 24 February 2014 at 04:42 With the economy still fragile, more and more people are considering self-employment. Chances are you probably know at least one person who has started his own business. Being your own boss can give you more freedom, job security http://www.zbmskq.com Reply Link Name Email Cancel reply Threaded commenting powered by interconnect/it code.