Insolvency / Bankruptcy

Our Insolvency & Bankruptcy team of lawyers understands the importance of early intervention, prompt advice and action when it comes to the financial distress of a business or an individual.

We take a collaborative approach, working with you and your financial advisors, to develop a carefully tailored plan to assist in solving your problems.We pride ourselves on our ability to present our advice in clear and simple language.

We can assist with the following:

• Corporate insolvency and administration
• Shareholder actions to wind up corporations
• Helping individuals who are declared bankrupt, have been threatened with bankruptcy or are considering voluntary bankruptcy
• Acting for receivers, liquidators and trustees in bankrupt estates
• Acting for businesses in negotiating with their banks and or creditors to avoid liquidation
• Defending directors in claims of insolvent trading and other fallout from a corporate collapse

• Successfully defending a claim for unfair preferences and insolvent transactions in the liquidation of a company on behalf of a corporate client.
• Assisting a client to appeal the rejection of a proof of debt claim (totalling over $1.5 million) in the liquidation of an insolvent trade creditor.
• Pursuing claims for unfair preferences and insolvent transactions on behalf of liquidators.
• Drafting a Deed of Company Arrangement on behalf of administrators to permit a company to continue trading and returning a better outcome to trade creditors, while avoiding a winding up action commenced by the Australian Taxation Office.
• Advising insolvency practitioners in relation to unfair preference payments and conducting court proceedings to recover same
• Assisting clients with personal bankruptcy queries, including negotiating with the bankruptcy trustee, creditors, financial institutions and the Australian Taxation Office.

For information on bankruptcy - https://www.afsa.gov.au/

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