Insolvency
Our team has broad industry experience with court-governed insolvency and have acted for wide range of parties. As we all know, Insolvency is a state of financial distress in which a business or person is unable to pay their bills. The main types of insolvency appointments that we handle are liquidation/winding up which involves collection, preservation, and realization of all assets of the company for distribution to creditors in accordance with the statutory and common law priorities, instigated by the company itself or its creditors.
We also handle matters related to receivership, whereby the receiver realizes assets of the company on behalf of the secured creditor, instigated by the secured creditor to protect and enforce its rights under the terms of its security Voluntary Administration/Deed of Company Arrangement.
Further, we also handle bankruptcy cases instituted by the individuals themselves or their creditors. We also handle post-bankruptcy proceedings including realization of assets, and income distribution to creditors.