SMS Law’s can provide expert insolvency advice for individuals and companies. There are a variety of areas where you will require a lawyer who is able to provide you with advice on insolvency matters.
These include situations where:
- You or your company may have become insolvent or due to someone else’s financial trouble;
- You have debtors who owe you money but they may be insolvent; and
- Circumstances where you may be directly affected and need some advice as to how to deal with the consequences of these financial problems.
SMS Law have extensive experience in advising both people facing bankruptcy and company’s that may have their affairs wound up in insolvency.
Whether you are looking to wind-up a debtors company, your company or prevent a potential insolvency, it is best to obtain to the best advice possible so that you have access to the widest possible range of options. The strategy that is taken to address all of the issues relating to the insolvency must be addressed early in the process so that your interests can be protected as completely as possible.
Our services include:
- Acting for creditors pursuing debtors who are insolvent
- Appointment of administrations, liquidations and receivership’s
- Acting for debtors in court proceedings, including recovery proceedings, statutory demands and creditor’s petitions
- Advice on creditor’s rights and obligations
- Restructuring or trading out strategies as an alternative to a formal insolvency
- Acting for liquidators in a variety of matters
We also have extensive experience in acting for both creditors and debtors in relation to personal insolvency issues. In circumstances where you are unable to meet your debtors or you are a creditor trying to recover funds you need to obtain the best possible advice in relation to strategy moving forward. At SMS Law we have extensive experience in advising persons in these situations.
Whether you are a debtor or a creditor we can assist you with:
- Issuing bankruptcy notices on behalf of creditors
- Appearing in the Federal Magistrate’s Court or Federal Court if there is a dispute over the amount of or otherwise of the debt
- Possibility of recovering any debt
- Acting on behalf of both individuals and creditors
- Investigating an individual’s affairs
- Negotiating and drafting terms of payment plans
We can also assist trustees in administering a bankrupt estate including dealing with properties.
Contact one of our lawyers today to discuss your rights and obligations.
- What are the consequences of bankruptcy? dated 22 March 2012
- Bankruptcy in Australia Ebook dated 13 January 2012
- BSA Licensing factsheet Excluded persons and permitted Individuals dated 5 January 2012