INSOLVENCY SERVICES

We know Insolvency Services

OUR PEOPLE
  • Alexander Phillips
INSOLVENCY SERVICES

Our insolvency practitioners provide clients with a comprehensive assessment of their individual legal and commercial circumstances to determine the best course of action.

Our experienced lawyers work closely with clients to ensure that all options are explored and that the most appropriate solution is identified. We also provide advice on restructuring, asset protection and debt management in striving to ensure that our clients receive the best possible outcome from their insolvency or bankruptcy proceedings.

Our team provide advice to protect directors and their personal position through restructuring, voluntary administration or liquidation.

We also act on behalf of insolvency practitioners in all claims arising under the Corporations Act 2001 (Cth) and the Bankruptcy Act 1966 (Cth).

Our team understand the importance of easing the burdens associated with financial distress. Our direct, honest and proactive approach to supporting and advising our clients helps to reduce stress and give certainty and comfort in a difficult time. Our specialists work with clients to strengthen their position and bring finality to any financial distress.

WE CAN HELP WITH

  • Assisting receivers and managers in due diligence and bundling assets for sale or compromise arrangements

  • Assisting creditors and debtors in insolvency situations

  • Acting for bidders to acquire distressed businesses under DOCAs and similar

  • Creditors and debt recovery

  • Voluntary Administration / DOCAs

  • Liquidation

  • Small Business Restructuring (SBR)

  • Safe Harbour provisions

OUR EXPERIENCE

Acted for various insolvency practitioners in accordance with the Corporations Act 2001 (Cth) in respect of unfair preference claims, voidable and uncommercial transactions in attempt to defeat creditors, insolvent trading claims and generally advising on external administrations.

Acted for both Individuals and Trustees in Bankruptcy by navigating the Bankruptcy Act 1966 (Cth) in negotiating personal debts, Bankruptcy Notices, Personal Insolvency Agreement and Debt Agreements in furnishing commercial outcomes.

Acted in relation to numerous administration arrangements for Australian entities including for Aurora Metals Ltd, Centennial Mining Limited and Sunshine Cabs Ltd.

Acted for a second-in-line mortgagee in possession of a property. This included engaging and liaising with a real estate agent to value and list the property for sale, drafting the sale contract, acting in the conveyance, and liaising with the first-registered mortgagee on Title to the property to effect the sale and distribute the sale proceeds.

Acted for the directors of a company who was said to be one the largest alleged ponzi schemes on the Gold Coast, through the process of liquidation.