No matter where you are in the world or what industry you’re in, insolvency and bankruptcy can be a complex processes, often involving multiple parties and stakeholders.
Insolvency & Bankruptcy Lawyers Brisbane
For companies or individuals, it’s important to have advisors with a breadth of experience.
Lawyers have a dedicated and experienced insolvency team dealing with both contentious and non-contentious matters.
They offer a turn-key service, from advising creditors or companies about which insolvency process is best suited to achieve their aims, through to the appointment of liquidators or other officeholders and advising on general aspects of insolvency law and recovery of assets. You can also hire insolvency & bankruptcy attorneys in Brisbane online.
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Their team has particular experience in insolvency matters relating to regulated financial services entities often with a multi-jurisdictional angle.
They act for liquidators of large multi-jurisdictional insurance companies and advise/act for them in claims against former directors, auditors, advisors and third parties.
Bankruptcy and Insolvency Lawyers
They are specialists with deep expertise. Their expertise enables them to give you legal clarity coupled with highly pragmatic and commercial advice.
When companies face insolvent trading, they can provide the directors with safe harbour advice. The insolvent trading safe harbour applies where the directors start developing one or more courses of action that are reasonably likely to provide a better outcome for the company than an immediate liquidation or administration.
If the directors can establish a safe harbour, they may be protected from insolvent trading liability arising from debts incurred directly or indirectly in connection with any such course of action – it is important to get safe harbour advice as soon the directors suspect insolvency.