Liquidation and Corporate Insolvency

QBM Lawyers advises insolvency practitioners, businesses and individuals across a range of insolvency matters. We assist with asset recovery, public examinations, the sale of assets, claims against directors and company officers and disputes involving secured creditors.

We act for:

• Secured creditors and controllers in relation to rights and obligations in the realisation of assets
• Administrators, including deeds of company arrangement and all aspects of external administration
• Directors and company officers in relation to duties and potential liabilities
• Other parties affected by insolvency, including creditors and those responding to claims by liquidators

In the context of liquidation, it is important for creditors, directors and other affected parties to obtain timely legal advice.

Key issues may include:

• Creditor security issues, including whether security interests are valid and enforceable
• Recovery of payments, including claims by liquidators for voidable transactions
• Claims against directors and related parties
• The impact of the Personal Property Securities Act on creditor rights

Given these complexities, early legal advice is critical.