Insolvency & Bankruptcy
In light of the current economic times this topic has been placed in the spotlight. Many companies have suffered a significant downturn in business which has led to cash flow shortages. It is important, as a Director, that you are aware of the true financial position of your company so as to avoid insolvent trading. Early intervention is definitely the key and we work with a number of Insolvency Practitioners to provide up to date advice and devise strategies to assist during these difficult times.
Personal Bankruptcy is increasing in the current economic climate and again early intervention is the key. We can provide you with advice on the options available to you and work with Insolvency Practitioners to provide you with up to date advice and strategise on the best options for you. There have been a number of recent changes in this area of law and it is important that you obtain the right advice.
Recovery of unpaid money, whether from an individual or corporate entity, in a cost effective and efficient manner is also an area that we specialise in.
If you require further information, please contact Attwood Marshall on 1800 621 071 or email [email protected].
If you wish to declare bankruptcy contact – http://www.itsa.gov.au/.
We have a relationship with Worrells a firm dedicated to insolvency management.
Is Bankruptcy the best option for you? By Holly Gilholme, Department Manager/Paralegal Commercial Litigation