Insolvency & Restructuring

When a business shows signs of impending financial trouble, it’s best to act fast because when it comes to corporate insolvency, timing is everything. There may be rescue options available but selecting the right tool to enforce recovery needs to be balanced against counter-productive action that may depress the realisable value of assets and close the door on trading.

Specialist advice is critical to shaping the most appropriate outcome, whether that is voluntary administration, informal restructuring or an ultimate liquidation. Business owners may also be wrestling with additional concerns about staff, premises and their own personal liability.

Fortunately, Chamberlains has a leading team of experienced insolvency lawyers who advise insolvency practitioners on a daily basis and can clarify and provide specialist legal advice on how best to relieve financial distress or to overcome any manner of professional issues which may arise in any appointment.

The last thing anyone who is over-indebted needs is to be pushed into a difficult situation and choose an inappropriate solution. Different people struggling with debts have different characteristics; relief and financial rehabilitation needs to be tailored to their specific circumstances.

Chamberlains’ team can vigorously represent bankruptcy trustees in complex matters and can also sensitively develop an appropriate course of action for individuals— including company directors— whether they are dealing with bankruptcy, personal insolvency agreements, compositions and annulments, property disputes, family law proceedings or voidable transactions. We can also chart a route for those administering the estate of someone who was bankrupt at their death, or whose estate becomes insolvent during disposal.

Do you owe people money? Are you being pursued by your creditors?

Our insolvency lawyers are experts in working with individuals who are in financial distress and can help you to achieve an optimal outcome.

Are you a bankruptcy trustee?

Our team are highly skilled in acting for bankruptcy trustees in everything from straight forward administrative and procedural dealings with AFSA to complex court proceedings and public examinations, and have a breadth of expertise.

Solvency is not only the ability for a business to pay its debts it’s what keeps the commercial world rotating on its axis.

Solvency is also a common element linking directors, shareholders and creditors. When it’s reduced or absent, the balance tips and one or more parties become weighed down with challenging legal and financial situations.

Whether a director, shareholder or creditor, Chamberlains’ experienced team can put you in the best position to resolve your issues in the most legally prudent and cost-effective way.

Unlike many other law firms, we work in a non-siloed way, meaning our insolvency experts work hand in hand with our family law and deceased estate experts to provide targeted and efficient advice and representation to you when your bankruptcy matter becomes intermingled with a family law or deceased estate issue.

Whether it is assisting a bankruptcy trustee to resolve an estate’s interest in a family law property pool, or assisting the administrator of a deceased estate to convert the estate to a bankrupt deceased estate, we are perfectly equipped to assist. Day or night, we’re with you.