Insolvency

Timely and practical advice when financial pressure arises

Financial distress can develop quickly. Declining cash flow, unpaid debts, creditor demands, tax liabilities and contractual defaults may place significant pressure on a company and its directors.

Obtaining legal and financial advice at an early stage can provide more time to assess the available options, protect value and respond appropriately. Delaying action may reduce the alternatives available and increase the personal and commercial risks for those involved.

Summit Lawyers advises companies, directors, creditors, shareholders and other stakeholders on insolvency, restructuring and related disputes.

Advice for companies and directors

◆ Directors’ duties and personal exposure

◆ Solvency and insolvent trading

◆ Negotiations with creditors

◆ Small Business Restructuring

◆ Voluntary administration

◆ Deeds of Company Arrangement

◆ Liquidation and winding up

◆ Receivership and security enforcement

◆ Statutory demands

◆ Personal guarantees

◆ Distressed business and asset sales

Advice for creditors

◆ Debt recovery strategy

◆ Letters of demand and settlement negotiations

◆ Statutory demands

◆ Winding-up proceedings

◆ Proofs of debt and creditor claims

◆ Security enforcement

◆ Retention of title and Personal Property Securities Register issues

◆ Creditor meetings and voting rights

◆ Negotiating deeds of company arrangement

◆ Insolvency-related litigation

How We Can Help

◆ Directors' duties, solvency, insolvent trading risk and personal guarantees

◆ Creditor negotiations, demands, debt recovery and security enforcement

◆ Restructuring, formal insolvency appointments and distressed transactions

◆ Unfair preference, voidable transaction and other insolvency disputes

Act early and understand your options

Insolvency matters are often urgent and highly fact-specific. Early advice can help preserve available options and enable informed decisions before deadlines expire or enforcement action progresses.