Insolvency has significant consequences for a company and its directors. Before entering a formal insolvency arrangement, it is crucial you obtain expert legal advice so you fully understand all the options available to you.
Our insolvency lawyers have extensive experience working with insolvency practitioners and financially distressed companies in Perth, with particular expertise in distressed asset sales and workouts, formal insolvency arrangements, and debt restructuring and business turnarounds.
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 simply disappear. 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. Our preferred approach is to focus on the preservation of business and asset value, either through an informal workout prior to the appointment of an insolvency practitioner, or through a formal post-appointment turnaround strategy.
We advise various different stakeholders in all aspects of corporate and personal insolvency, including directors, shareholders, creditors, debtors, and insolvency practitioners. 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)
Debt restructuring and business turnarounds
Insolvent trading claims
Winding up applications