As solicitors who are experts in the complex and sensitive area of company insolvency, PCL Lawyers in Melbourne can advise you in relation to your legal rights as a company and that of any guarantors.
Where a debtor company is clearly insolvent, the solicitors at our firm who are experts in company insolvency use their extensive experience to prepare and serve statutory demands that require the debtor company to pay undisputed debts over $2,000 within the statutory period.
If the company does not meet the amount of the demand, the next step will be to bring an application to wind up the company in the Supreme Court of Victoria or Federal Court of Australia.
On the other side, as bankruptcy and insolvency solicitors we also assist corporate clients who have been served with a statutory demand where the claim is disputed. In this case, clients must be quick in seeking our assistance as a presumption of insolvency and ability to wind-up arises after 21 days of service of a statutory demand.
Sometimes a restructure is possible and sometimes the appointment of an administrator, receiver or liquidator is the answer.
We will provide sound, down to earth legal advice for your company’s situation.
Whether you debtor or a creditor who is insolvency issues, we can provide legal advice.
There is no need to wait. Call us today on 1300 907 335 or fill out the contact form on this page