There are a number of situations in which you will need expert and experienced insolvency advice. You or your business may have become insolvent or due to someone else’s financial trouble, you may be directly affected and need some advice as to how to deal with the consequences of their financial problems.

Plastiras Lawyers manage both corporate and personal insolvencies, from both creditor and debtor perspectives.

Corporate Insolvency
Whether you are looking to wind-up your business or survive potential insolvency, it is best to face the problem early in order to have access to the widest possible range of options. The direction taken in response to an insolvency needs to be decided early in order to identify potential risks and liabilities and develop strategies to deal with those issues.

Our services include:
•  court proceedings, including recovery proceedings, statutory
   demands and insolvency petitions
•  advice on creditor’s rights and obligations
•  administrations, liquidations and receiverships
•  restructuring strategies as an alternative to a formal insolvency
   appointment
•  trade out negotiations

Personal Insolvency
You might be an individual unable to meet your debts, or a creditor trying to recover funds from an individual. Both parties need prompt and effective solutions to their financial difficulties.
In either situation, Plastiras Lawyers are able to assist by:-

•  appearing in the Federal Magistrate’s Court or Federal Court if
   the amount of debt is in dispute
•  issuing bankruptcy notices on behalf of creditors
•  thoroughly investigating an individual’s affairs to look for the
   possibility of recovering any debt
•  negotiating and drafting terms of payment plans between
   individuals and creditors