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.