Insolvency has significant consequences for a company and its directors. Before entering a formal insolvency arrangement, it is critical that you fully understand all of the options available to you.
Our insolvency lawyers have extensive experience working with financially distressed companies in Perth and helping their directors manage complex business turnarounds, with particular expertise in distressed asset sales and workouts, and corporate restructuring.
Unfortunately, when faced with the prospect of insolvency, many companies adopt a ‘head in the sand’ approach hoping their situation will improve and the problem will eventually go away. In our experience, this rarely happens. The best way to deal with the prospect of insolvency is to be proactive and take immediate steps to address the issue. By adopting this approach, the destruction of business and asset value can often be avoided.
We advise various different stakeholders in all aspects of corporate and personal insolvency, including directors, boards, creditors, debtors, and insolvency professionals, with a strong focus on preserving business and asset value. With our expertise we can help you better manage the challenges of insolvency. And with our agreed pricing model you will always know the price before we commence work. No estimates, no ranges, and no hourly rates.
Our insolvency lawyers provide expertise and advice on:
Distressed asset sales and workouts
Formal insolvency arrangements (receivership, voluntary administration, and liquidation)
Deeds of company arrangement
Insolvent trading claims
Unfair preference claims
Winding up applications