Bankruptcy

You are here: / / Bankruptcy

Bankruptcy

Put a red line under the past and look forward to a fresh start

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.

Capabilities

Insolvency is a highly specialised area of accounting and, practically, is close to a hybrid profession between commercial law and management consulting. The truth is that there is very little “number crunching” in insolvency work and lots of investigative research and asset recovery work.

Learn more...

Case Studies

Our client was a secured creditor to a solar panel retailer and installer operating in 3 States. Whilst our client had a nominee Director sitting on the Board of the Company, the information available was late, inaccurate and focussed on the wrong metrics.

Learn more...

 
Link to: Get in Touch

Any more questions?
Feel free to contact us on +03 9670 0080

We know that bad news never gets better with time. The simple truth is that businesses fail and then they die. That means that in each and every case, there’s a window of time when the damage can be minimised. That’s why it’s important to act early – but that doesn’t mean rushing in blindly.

Our Details

BPS Reconstruction | Insolvency & Recovery Specialists | Level 5, 350 Collins Street MELBOURNE VIC 3000
Phone: 03 9670 0080 | Fax: 03 9670 0080 | Email: info@bpsreconstruction.com.au
GST-Number: 56473643

Located in  Melbourne, the firm of BPS Reconstruction represents clients throughout Australia, including, but not limited to the cities of …..

DISCLAIMER

The information contained in this website is for general information purposes only. The information is provided by BPS Reconstruction & Recovery and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.

About | Our Staff | Case Studies | Capabilities | Contact | Privacy | Complaints

© 2021 BPS Recovery & Reconstruction