Bankruptcy

We act as trustee in bankruptcy for creditors and debtors.

Sometimes, bankruptcy is the appropriate mechanism for insolvent debtors to get a fresh start and clean the slate.

The trustee’s role is to realise the assets of the estate and recover antecedent dispositions of property made prior to bankruptcy. There is also a complex income contribution scheme which requires bankrupts to contribute from their income over the course of the bankruptcy.

We have been involved in a number of large high profile bankrupt estates.

We are able to advise creditors, debtors and their advisors in relation to the implications of and alternatives to bankruptcy.