practical advice for personal and corporate insolvency
Insolvency and Restructuring
Insolvency and Restructuring

When your business is under financial pressure, it can be difficult to know where to turn. At Madgwicks, our Insolvency and Reconstruction team combines deep technical expertise with a strategic, solutions-focused approach, helping businesses, directors, creditors and individuals navigate financial distress with confidence.

Personal Insolvency

Personal insolvency can arise in many ways:

  • Debts linked to a struggling business
  • Security or guarantee obligations as a company director
  • Director penalty notices from the ATO
  • Sudden loss of income due to unforeseen events

These situations are stressful and complex. Our team provides clear, practical advice aimed at working with creditors to secure agreements that avoid personal bankruptcy wherever possible.

We also act for creditors, including banks and non-bank lenders, providing insight into their negotiation strategies and objectives. This dual perspective strengthens our ability to achieve positive outcomes for our clients.

Corporate Insolvency

Madgwicks has a strong track record acting in high-profile and high-value corporate insolvency matters as well as delivering complex restructuring advice.

Our approach considers not only the financial implications but also the personal and reputational impacts, workplace relations and employment concerns that arise in times of corporate distress.

By collaborating with our experts in corporate governance, taxation, workplace relations and asset protection, we deliver holistic strategies that protect businesses, directors and stakeholders.

We act for both directors and insolvency practitioners across all areas of corporate insolvency, including asset protection, restructuring and defending litigation brought by insolvency practitioners.

Our Services
  • Innovative structuring of insolvency assignments
  • Corporate restructures for complex corporate groups
  • Advising secured lenders on exposure to debtors in difficulty
  • Asset protection and risk management strategies
  • Defence of litigation (e.g. insolvent trading, breach of duty, guarantees)
  • Advising creditors on rights and remedies in default situations
  • Assisting with litigation funding proposals
  • Implementing deeds of arrangement and work-outs
  • Acting in liquidator examinations (for liquidators and examinees)
  • Acting for trustees in bankruptcy and those facing bankruptcy proceedings
  • Assisting individuals with creditors and trustees in bankruptcy
  • Managing wind-ups of companies and bankruptcy proceedings

Madgwicks Lawyers pride themselves in their skill set

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