Business Turnaround & Insolvency

We have successfully worked with many leading company administrators, bankruptcy and insolvency practitioners to find innovative and commercial solutions for clients in distress.

Our team understands the snowball effect which debt and insolvency can often have, resulting in unnecessary obstacles to your business.  Swiftly restructuring a distressed business before formal insolvency takes hold, is key. As is ensuring cost minimisation and unavoidable consequences of administration, receivership and liquidation for our clients. We are committed to delivering a workable and commercial solution to your situation and giving you your time back, so you concentrate on the core of your business.

Whether you’re trying to recover money you’re owed from a business or struggling to evaluate your options once your own business has become insolvent, our Business Turnaround & Insolvency team are experts at working with insolvency practitioners and individuals who need legal guidance in the external administration process.

Our difference is our commitment to finding commercial solutions to assist in the reconstruction or recapitalisation of companies in distress. However, we also have the dispute resolution and advocacy reputation necessary to assist in finding a pathway to a commercial solution and to ensure legal rights and obligations are properly protected and addressed.

To ensure a seamless and efficient approach our core team is skilled in insolvency, advocacy, corporate law, commercial law and reconstruction law and is able to operate from the inception of the matter to completion and can assist you with any legal advice relating to:

  • Company reconstructions;
  • creditors’ trusts;
  • voluntary administrations;
  • solvency and directors’ duties advice;
  • deeds of company arrangements;
  • commercial transactions;
  • insolvency;
  • court applications;
  • receiverships;
  • statutory demands;
  • liquidations;
  • winding up applications; and
  • dispute resolution.

Recent Experience

We assisted secured creditors in recovering their interests in an insolvent company and successfully guided them through the process of appointing receivers and managers. We have recently assisted directors on a range of court applications included defence to allegations of insolvent trading, setting aside statutory demands and defending claims for the return of preferential payments by liquidators. We have also assisted directors and shareholders in discharging liquidation processes involving their companies.

 


Chris Pearce
Partner

Jamie Ogilvie
Special Counsel

Patrick Spillane
Associate

 

Lorna Clarke
Solicitor

Insights & Publications

One-year Bankruptcy Reform Introduced
October 19, 2017

With none of the fanfare associated with other recent insolvency reforms, the Federal Government today introduced amendments...[Read More]

Safe Harbour Navigated by Parliament
September 18, 2017

Today, Federal Parliament passed new legislation which provides some protection for directors of companies in a difficult...[Read More]

Dick Smith – Where’s my money?
April 14, 2016

Where’s my money? Gift vouchers are in the news again after the appointment of receivers and administrators...[Read More]