Economic fluctuations, stagnant growth, a failed investment, poor management, cashflow stress, divorce, family breakdown or just plain bad luck – all these can lead one into bankruptcy. It can be soul destroying when it finally happens and everyone suffers – creditors and debtors alike, that’s why you need to involve bankruptcy lawyers as quickly as possible.
For creditors, its often the last resort – sending an individual bankrupt or a company into liquidation, but its often the most effective and efficient way to recover what’s owing to you. Time spent negotiating with debtors who are just stringing you along may only end up costing you more in the long run and sometimes quick effective action is required. Having acted for creditors for many years, we understand the measured approach that is required when pursuing the bankruptcy of an individual, advising and representing creditor clients in the Federal Court and Federal Circuit Court, or defending preference claims made against creditors by Trustees in Bankruptcy.
For individuals faced with bankruptcy its almost always the last resort – but its not the end of the world and bankruptcy can be an opportunity for a fresh start. Bankruptcy lawyers can help negotiating out of bankruptcy, debt arrangements, personal insolvency agreements (also known as Part 9 or Part 10 agreements under the Bankruptcy Act) are all alternative options to be explored with your creditors and Aitken Lawyers can provide you with the right guidance in this area. We can also assist you if you have been wrongfully placed into Bankruptcy, in applications to set aside or annul bankruptcy orders.
We work closely with insolvency practitioners, advising and representing them with general advice, personal insolvency agreements, unfair preferences, asset sales, setting aside transfers to defeat creditors and asset recovery. With our compatible experience in wills and estates, we have also acted for and assisted Trustees appointed to insolvent deceased estates.
Our long standing relationships with insolvency practitioners and appointed Trustees also provides us with access to quality, prompt advice and assistance for those individuals in need. With the collective wisdom of more than 50 years in insolvency and bankruptcy.
Aitken Lawyers are experienced bankruptcy lawyers and are well placed to assist creditors and individuals, call us today on 02 8987 0000.