Legal Assistance for Insolvency and Bankruptcy
Our insolvency lawyers provide legal advice and representation for businesses facing financial distress in Adelaide, South Australia. As an experienced insolvency team, we assist company directors, creditors, and individuals navigating voluntary administration, receivership, liquidation, and personal bankruptcy. Whether you need a business bankruptcy lawyer to manage director obligations or a liquidation lawyer to protect your position as a creditor, Wadlow Solicitors provides clear, practical guidance.
Our Legal Services
Our Adelaide insolvency lawyers provide legal advice and representation on matters including:
- Voluntary Administration: Advising companies and administrators on restructuring options to save a business or achieve a better return for creditors than immediate liquidation.
- Receivership: Acting for secured creditors and company directors in matters involving the appointment of a receiver over company assets.
- Liquidation: Advising on voluntary and compulsory liquidation, winding up company affairs, and distributing assets to creditors.
- Directors' Duties & Insolvent Trading: Advising directors on their legal obligations during financial distress and defending claims of insolvent trading.
- Creditor & Debt Recovery Advice: Representing creditors, suppliers, and employees seeking to recover debts or entitlements from an insolvent company.
To speak with an insolvency lawyer, Contact Wadlow Solicitors and schedule an appointment.
Understanding Insolvency
Insolvency occurs when an individual or company is unable to meet its financial obligations as they become due, and in Australia it is primarily governed by the Corporations Act 2001 (Cth) and the Bankruptcy Act 1966 (Cth). Early signs often include declining cash flow, mounting debt, and continuous losses, and addressing these issues promptly can materially affect the outcome for directors, creditors, and employees alike. Engaging an experienced attorney for bankruptcy or insolvency matters early allows you to properly assess your options, whether that means restructuring, voluntary administration, or liquidation.
Directors carry significant legal responsibilities during insolvency, including a duty to act in the best interests of creditors and to avoid insolvent trading. Failing to seek advice when insolvency becomes likely can expose directors to personal liability. As lawyers in bankruptcy and corporate insolvency matters, we also act for creditors and employees seeking to recover unpaid debts, wages, or entitlements from an insolvent business, and for individuals navigating the personal bankruptcy process.
Why Choose Wadlow Solicitors for Your Insolvency or Bankruptcy Matter
We provide objective legal advice for your matter. As Adelaide lawyers practising insolvency, we act for directors, creditors, and individuals, giving us insight into how insolvency and bankruptcy matters are managed from every side.
- Family Values: We understand the personal toll financial distress can take, and provide steady, transparent guidance through what is often a difficult and stressful process.
- Commercial Approach: We focus on practical, outcome-driven strategies, whether that means restructuring a business, protecting a director's position, or recovering a debt.
- Over 45 Years of Experience: We have provided legal services in Adelaide for over four decades, applying established knowledge of insolvency law and local court processes.
Contact Wadlow Solicitors or call us on (08) 8212 2955 to schedule an appointment with our Adelaide lawyers.
Frequently Asked Questions (FAQs)
How much do your legal services cost for an insolvency or bankruptcy matter?
Costs vary based on the complexity of the matter and whether it involves restructuring, liquidation, or personal bankruptcy proceedings. Call us on (08) 8212 2955 for an initial assessment and a clear fee estimate.
How long does an insolvency or bankruptcy matter take to resolve?
Timeframes vary significantly depending on the process involved. Voluntary administration is typically resolved within weeks, while liquidation and personal bankruptcy matters can take considerably longer depending on the complexity of the assets and debts involved.
What should I bring to my appointment?
Please bring 100 points of identification (such as a driver's licence and passport), recent financial statements, a list of debts and creditors, correspondence with creditors or administrators, and a written summary of your circumstances.
Let us help you
Get legal advice and representation.
