Are you feeling as though you are in over your head with financial debts? Thinking of going into insolvency but do not know where to begin? You may require the assistance of an insolvency lawyer. Insolvency is when an individual cannot pay their debts and financial obligations owed in full. It is illegal for directors of a company to continue to operate when the company is deemed insolvent.
If you would like to discuss your situation with one of our specialist lawyers, please complete the form or give us a call on 1300 544 755. We can then assess your needs free of charge and provide a fixed-fee quote if relevant.
It is important to understand that there are many options for tackling the problem when you first start having financial difficulties. Such alternatives include talking to creditors, lodging a Declaration of Intention to Present a Debtor’s Petition, entering a debt agreement, or entering a personal insolvency agreement. An insolvency lawyer at LegalVision will be able to go through all the options that you should consider before making such an important final decision.
If you do ultimately decide to go insolvent, you will have to go through the arduous and complex process of filing a Petition for Bankruptcy and Statement of Affairs form, which incurs various consequences. Our insolvency lawyers are able to guide you through the whole process to make this difficult task a time and money-saver.
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As a full service firm, we can assist your business with any commercial legal matter.
What our clients say
The legal work provided by the team at LegalVision has been invaluable to Just Cuts. LegalVision’s balance between quality and efficiency is particularly impressive and integral to the success of our many franchised outlets. Their lawyers maintain a consistently high quality of service and their fixed-fee approach is a breath of fresh air.
Amber Turnbull, Just Cuts (COO)
LegalVision assisted with a number of legal docs and advice including negotiating with large corporates. They demonstrate pragmatism, experience and deep understanding of our business' risk profile, and has led to us counting LegalVision as an integral ingredient to the overall success of our business.
Anthony Bekker, ROKT (Head of Operations Strategy)
We have worked with LegalVision on our shareholders agreement, employee share scheme and a capital raise. Their fees are very reasonable compared to “name” firms and they have repeatedly gone the extra mile and demonstrate they know the startup space.
John Baini, TruePillars (Co-Founder & CEO)
LegalVision's lawyers are the team you want by your side when reviewing and negotiating contract terms. We’ve worked with LegalVision during our Friends & Family Round where they prepared our convertible notes, and during our seed round which we closed with excellent terms and well ahead of schedule.
Federico Collarte, Baraja Pty Ltd (Founder)
50,000Australian Businesses Assisted
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Top 20 Startups in Australia - 2018 LinkedIn Startups List
NewLaw Firm of the Year Finalist – 2018 Australian Law Awards
Law Firm of the Year Finalist – 2018 Australasian Law Awards
AFR Fast 100 List – 2018 Australian Financial Review
NewLaw Firm of the Year – 2017 Australian Law Awards
Customer Service Experience of the Year – 2017 Optus My Business Awards
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