A personal or corporate insolvency will often have far-reaching impact, for the insolvent party and their creditors alike.
Nevertheless, Australia’s modern insolvency laws permit significant flexibility in outcome; something that can occasionally be employed to the benefit of everyone concerned.
In any actual or potential insolvency, acting as quickly as possible is often crucial. In almost every case, it is advisable to seek legal advice at the earliest opportunity so as to fully preserve any options that might be available.
If you require information about your particular circumstances, contact Composite Law for advice.