For most people in business, unless your company has been the subject of winding up proceedings or you personally have been subjected to a bankruptcy application, you may not have been exposed to the often complex and sometimes daunting world of insolvency.
As we are experienced accredited specialists in this area, we see the insolvency process as merely another process and a natural flow-on from the process of commercial litigation.
After any commercial litigation, there is usually a winner and a loser. It is one thing to have a judgment in your favour, it is another to compel your opponent to pay that judgment, not to mention any costs which follow.
We are experienced in utilising the insolvency process to pressure your opponent to ‘pay up’ and, through our vast network of liquidators and bankruptcy trustees, to the extent possible by law, we can ensure that a losing opponent does not seek to rely on the insolvency process to get out of paying you for your hard fought victory.
Due to our extensive experience with insolvency, we can recommend the use of particular insolvency professionals for differing requirements, sometimes even before litigation has commenced, in order to ensure you receive the best possible advice, across the best possible timeframe, for the best possible price, all in accordance with your requirements.
We suggest you come and speak to us sooner, rather than later.
Bankruptcy
An insolvent person is one who cannot meet his or her debts when they are due. There can be many precursors to individual insolvency – employment issues, health problems, poor investment choices or bad business decisions are just a few…Click to Read More.
Liquidation
Corporate insolvency occurs when a company is unable to pay its debts when they are due. The Corporations Act 2001 (Cth) prohibits an insolvent company from continuing to trade and incur debt. The company may enter into an arrangement such as voluntary administration with the objective of ‘trading out’ of its financial difficulties…Click to Read More.