Payne Hicks Beach LLP

Insolvency and Restructuring

Craig Parrett joined Payne Hicks Beach in October 2025 as a Partner in the Insolvency and Restructuring team.

Craig brings over 16 years of experience advising on the full spectrum of contentious and non-contentious insolvency matters, acting for office holders, creditors, directors, bankrupts, and other stakeholders across both corporate and personal insolvency.

Craig’s corporate practice includes advising on winding-up petitions, misfeasance claims, preferences, transactions at undervalue, and complex investigations involving illegal dividends and overdrawn directors’ loan accounts. He has particular expertise in defending directors facing claims under the Insolvency Act and regularly advises on Section 216 and prohibited name issues. As to non-contentious work, Craig advises on pre-packs, administration appointments, and general advisory work on technical issues.

In the personal insolvency sphere, Craig handles asset realisations, income payment orders, suspensions of discharge, and annulment applications. He is also experienced in advising spouses of bankrupts and dealing with complex IVAs, including cases involving capacity issues or evasive debtors. Craig advises on defending personal guarantee claims. Where enforcement of a debt is necessary, Craig can advise on the various options, including bankruptcy.

Craig is a seasoned advocate, frequently appearing before District Judges and Insolvency and Companies Court Judges. He has also contributed to access to justice initiatives, including a pro bono trial scheme in the Rolls Building. A published author, Craig writes for Tolley’s Insolvency, where he has re-written the chapter on debtors’ bankruptcy applications. Craig regularly presents at conferences and delivers training seminars.

Recognised by Chambers and Partners in band 3 for Personal Insolvency: UK Wide , and listed as a “Key Lawyer” in The Legal 500 (2024) for corporate insolvency, Craig was also named one of the UK’s top ten most influential personal insolvency lawyers by Business Today.