Liquidation and Corporate Insolvency

QBM Lawyers are lifesavers for businesses in trouble. For many years, we’ve been helping some eminent insolvency practitioners figure out tricky money problems. Here’s what we do:

We are lawyer for liquidation, in respect of recovery of assets of the liquidation, public examinations, the sale of assets, actions against office holders and disputes with the holders of security interests.

Secured Creditors and Controllers, with respect to rights and obligations in the realisation of assets and associated matters.
Administrators, including in respect of deeds of company arrangement and all aspects of an administration.
Directors and Officeholders of the company, as to their duties and risks.
Others Affected by Insolvency, such as creditors or parties receiving a demand from a liquidator for the return of money or property.

In the event of a liquidation, it’s crucial for both creditors and company directors, as well as others involved in company management, to seek expert advice. Here’s why:

• Creditor Security Issues: Creditors who believe their claims are secure might find out that their security is invalid.
• Payment Litigations: Creditors who have already been paid could face lawsuits from liquidators demanding the return of those payments.
• Director Demands: Directors and related individuals may encounter claims related to loan accounts.
• Complex Legal Landscape: The introduction of the Personal Property Securities Act has further complicated creditors’ rights during liquidations.

Thus, given these complexities, it’s more important than ever to consult with an expert lawyer for liquidation and insolvency matters.