The team at Meyer Vandenberg is here to help with all your legal issues arising in relation to the winding up of insolvent companies, whether the winding up be voluntary or involuntary.
Our extensive experience includes working with creditors, debtor companies, directors of debtor companies and insolvency practitioners.
If you are a creditor owed a debt by a company, we can guide you through the relevant considerations and strategies to recover the debt using the Corporations Act 2001 (Cth), for example issuing a Creditors Statutory Demand.
If you are a director of a debtor company that has been served with a Statutory Demand, we can advise you about the company’s options to deal with the Demand, including making an application to a court to have the Demand set aside. We can also advise you about voluntarily putting the company under external administration.
If winding up proceedings have already commenced against your company, we can advise you about the company’s options to deal with the winding up application, including making an application to a court to have the winding up application dismissed.
If you are an insolvency practitioner, we can act to protect your rights and help you meet your obligations arising under corporations law and relevant codes of conduct, and assist you recover assets to the insolvent company for distribution to creditors.