Under the Corporations Act 2001, a company is defined to be insolvent if the company is unable to pay all its debts as and when they become due. If you are or have ever faced insolvency, you will know that it can be a terrifying and dizzying experience. With threats of litigation being issued from all angles, you may feel trapped and pressured to do things you are not particularly confident about doing.
The web of law surrounding insolvency is complex and burdened by volumes of case law. If you are facing insolvency or bankruptcy, it is important that you speak to a Bankruptcy Solicitor or Insolvency Solicitor that is learned and practiced in those specific areas of law; this is particularly important because most creditors have their own special team of legal professionals.
We have a highly successful team of Lawyers specializing in Insolvency, Bankruptcy and Corporate Law. With a track record in acting on both sides of the coin, our Sydney Insolvency Lawyers and Sydney Commercial Lawyers have the skills, knowledge and expertise to assist you even in the most complex and technical situations.
We invite you to contact us.