When your business is suffering financially, it extremely difficult to know where to turn or what to do. Madgwicks Lawyers provides you with an unrivaled depth of experience combined with an approach that seeks a lateral solution to problems.
Personal insolvency
Personal insolvency issues can arise for many reasons; debts arising from a business in financial difficulty, security guarantee obligations linked to being the director of a company, director penalty notices issued by the ATO or an unexpected interruption to your income due to a once-in-a-lifetime event.
It is stressful for all parties involved and we draw on our deep experience in these matters in an approach that provides you with straight forward advice that is strategic and seeks to work with creditors to arrange an agreement avoiding personal bankruptcy as a priority.
Our insolvency team also regularly provides advice to creditors such as commercial banks and non-bank lenders, giving them insights into their negotiation and outcome objectives, which we use to obtain a positive result for you.
Corporate insolvency
The Insolvency and Reconstruction team at Madgwicks Lawyers has a long history in successfully acting in high-profile and high-value corporate insolvency matters as well as providing detailed and complex restructuring advice.
Our strategic approach goes beyond attending only to the financial implications and incorporates addressing any personal and business reputation issues and workplace and employment concerns.
Collaborating closely with Madgwicks' expert partners in areas such as corporate governance and compliance (including taxation), workplace relations and asset protection can help attain the optimal strategic outcome for you and your business.
We act for both directors and insolvency practitioners and are engaged in all areas of corporate insolvency from asset protection and restructuring advice, to acting for clients in complex litigation brought by insolvency practitioners.
Our insolvency team is highly experienced and trusted by clients with their complex corporate insolvency matters.
Services
- Innovative structuring of insolvency assignments
- Implementing corporate restructures, particularly in the area of complex corporate groups facing difficulty
- Advising secured lenders on their exposure to debtors in financial difficulties
- Asset protection and risk management strategies for clients
- Acting for clients in the defence of litigation initiated by insolvency practitioners - for example, insolvent trading, breach of duty actions and litigation based on guarantees
- Advising creditors on their rights and remedies in connection with defaulting facilities
- Assisting in litigation funding proposals
- Implementation of deeds of arrangement and work-outs for companies in financial difficulties
- Liquidator examinations for both liquidator and examinees
- Acting for trustees in bankruptcy and those facing bankruptcy proceedings
- Assisting individuals in dealing with creditors and trustees in bankruptcy
- Acting in the wind up of companies and bankruptcy proceedings
