Bankruptcy is a common consequence for directors after a business fails. It is also a debt relief available to individuals who cannot meet their financial commitments. Our bankruptcy lawyers understand there are many ways that can lead a person to becoming bankrupt and can advise you as to how this will impact you.
We can advise those that are considering bankruptcy on the following:
If you are considering bankruptcy you may need some advice as to whether it is the best option for you or not. Bankruptcy does not extinguish all debts and may not be necessary in some instances. Debt restructuring or renegotiation may be an option.
If bankruptcy is inevitable, you may also need assistance with completing the bankruptcy forms and advice on what you must declare. Further to this you may need advice on what to expect and how it may impact your or other financially.
During bankruptcy you have a responsibility to liaise with the appointed bankruptcy trustee and submit yearly financial records. Where there are disputes and complex property pools disputes with the Trustee may occur. It is often the case when they are seeking to sell up the assets and recover funds for the creditors.
Our bankruptcy solicitors can assist you with advice and act for you in relation any issues that arise as a consequence of your bankruptcy.
Our lawyers are skilled and experienced in providing insolvency advice for businesses and individuals. Our team are professional and sensitive to the issues surrounding bankruptcy.
Excellent Service. PCL did a great job advising me about my rights and protecting my name and business goodwill. I can absolutely recommend this very professional service.
If I had of gone to another law firm that was cheaper I may have saved many thousands of dollars but as it turns out I may have lost a lot more than that upon settlement. Using a firm such as PCL lawyers I had the peace of mind that each issue as it arose was dealt with in a very matter of fact way and to the letter of the law.
Out of speaking to two other lawyers you were the only one to give me any genuine advice.
Thank you so much for your assistance. Should I ever have the chance to recommend you I will do so.
I appreciate your time and effort and thank you for your prompt response and professionalism. I would not hesitate to use your services again and refer PCL Lawyers to others.