Australian Property Lawyers can assist you with:
- Letters of Demand;
- Negotiating settlements;
- Issuing Court documents;
- Issuing a Statutory Demand pursuant to the Corporations Act 2001 (Cth), Application to Court to wind up a company and appoint a liquidator to a company; or
- Issuing a Bankruptcy Notice from AFSA (Australian Financial Security Authority – previously ITSA), Application to Court for Creditor’s Petition and appoint a trustee to an individual.
Although this can be an expensive exercise, creditors are paid their costs of insolvency action as a priority in the administration. Appointing a liquidator/trustee is often the best (and only) course of action to increase chances of making a successful recovery. Liquidators/trustees have broad powers at law to forensically examine books and records, liaise with banks and government, and often recover money paid to third parties (such as families, trusts, related entities, etc).
ARE YOU A DEBTOR FACING FINANCIAL RUIN?
Australian Property Lawyers can also provide advice for businesses facing insolvency, including appointment of a voluntary administrator and deeds of arrangement. We also provide advice for personal insolvency including bankruptcy, personal insolvency arrangements and legal advice generally.
Remember, bankruptcy and liquidation should be a last resort and have serious consequences. Taking early expert advice to develop a strategy is the best way to deal with an insolvency problem.
ARE YOU A LIQUIDATOR OR TRUSTEE WITH A COMPLEX PROBLEM?
We provide a full range of litigation and advisory services to company administrators, bankruptcy trustees, liquidators and creditors in relation to asset and debt recovery. We can offer flexible fee arrangements including speculative agreements and we are fully committed to the whole litigation process.
Contact us today for a FREE consult.