Insolvency & Bankruptcy
WHAT IS INSOLVENCY AND BANKRUPTCY
Insolvency, bankruptcy, restructuring and turnaround law regulates the distribution of the estates of companies and individuals whose assets are insufficient to meet their debts to creditors.
Legal advice and decisive intervention and strategic thinking concerning these issues, and the options available to you under the Bankruptcy Act and Corporations Act, are critical when these matters arise.
Seeking legal advice early is important, as corporate and personal insolvency, and disputes concerning those matters can have significant adverse impacts. When you or your business is in financial distress, it is prudent to consider all solutions and obtain the appropriate and tailored advice from a team like ours that has experience advising all types of stakeholders in distressed situations.
HOW CAN WE ASSIST IN INSOLVENCY AND BANKRUPTCY
With an everchanging economy and the accompanying significant business challenges, you and your business must be capable of adapting. We are able to guide you through whatever difficulties you or your business face, and work with you to maximise the opportunities for recovery in a corporate or personal insolvency or restructuring, and turnaround settings.
We provide advice to insolvency, bankruptcy, restructuring and turnaround firms and practitioners, businesses, companies, creditors (to maximise their recoveries), directors, individuals, shareholders, and are experienced in providing representation in all stages throughout the process, including, where possible, strategies to negotiate including with the Australian Taxation Office to attempt to get “back on track.”
Clients turn to us for our technical competence and expertise in advising on these matters which require specialised legal expertise, including in circumstances where consensual restructuring, or a negotiated payment plan, or other settlement, is no longer an option.
Areas of our work include:
- Asset protection and recovery
- Bankruptcy
- Deeds of Company Arrangement
- Developing safe harbour plans
- Informal workouts
- Insolvency
- Liquidation
- Receivership
- Restructuring and turnaround
- Securities and their enforcement
- Voluntary administration
