If you are having financial difficulties, we can help you resolve them in the most effective way possible and more forward with confidence.
Are you grappling with mounting debts in Sydney?
In today’s complex economic environment, financial difficulties can arise from numerous sources – whether it’s business challenges in Sydney’s competitive market, unexpected personal setbacks, or broader economic pressures affecting New South Wales.
When creditors are pursuing legal action and your financial situation seems insurmountable, navigating the Australian legal system alone can be overwhelming.
The reality is stark: without proper guidance from experienced insolvency lawyers, even minor oversights in the bankruptcy process can have severe long-term consequences.
At present, you might be experiencing frozen accounts and aggressive debt recovery actions. Creditors may be threatening legal proceedings whilst your Sydney home and business assets remain at risk. Many find themselves under mounting pressure from unsecured creditors during this difficult period.
Our experienced team has witnessed many Sydney residents face devastating outcomes, from losing valuable assets to facing serious legal consequences, simply because they attempted to handle complex insolvency matters without proper legal support.
At CGM & Partners, our experienced bankruptcy lawyers understand the unique challenges faced by individuals and businesses in New South Wales. We provide comprehensive legal advice to help you navigate this challenging time and move toward financial stability.
Our Sydney insolvency practitioners bring extensive experience in both personal bankruptcy and corporate insolvency. We understand the Federal Court procedures in New South Wales and maintain strong relationships with bankruptcy trustees throughout Sydney.
Here are some of the ways we can help you if you are facing bankruptcy:
Our experienced insolvency lawyers excel at negotiating and structuring personal insolvency agreements that provide viable alternatives to bankruptcy. Through careful structuring and diligent negotiation, we create arrangements that satisfy creditors whilst protecting your interests, often enabling you to maintain control of your assets and continue business operations where appropriate.
When dealing with bankruptcy notices, time is of the essence. Our legal professionals provide swift, strategic advice on responding to bankruptcy notices, ensuring you understand all available options and critical timeframes. We excel in challenging invalid notices and negotiating with creditors to prevent bankruptcy proceedings from advancing.
Our experienced bankruptcy lawyers develop comprehensive strategies to protect your legitimate assets whilst ensuring full compliance with bankruptcy laws. We work meticulously to maximise the assets you can retain through the bankruptcy process, including protecting essential items and specific property allowances under New South Wales and Australian law.
Our team excels in creditor negotiations to achieve optimal outcomes. We represent your interests in all discussions with creditors, working tirelessly to arrange payment plans or settlements that may help you avoid bankruptcy or minimise its impact on your financial future. Our deep understanding of insolvency law enables us to negotiate from a position of strength.
For company directors facing financial difficulties in Sydney, we provide strategic advice on corporate insolvency options. Our services encompass guidance on voluntary administration, liquidation alternatives, and restructuring possibilities designed to protect both personal and business assets. Our experienced insolvency practitioners work to find the most advantageous solution for your specific circumstances.
Our restructuring lawyers possess extensive experience in corporate restructuring and business reorganisation. We work closely with clients to develop and implement effective restructuring strategies that can help avoid insolvency proceedings whilst maximising business value and preserving employment where possible.
We provide comprehensive assistance in planning for life after bankruptcy, including guidance on discharge timing, obligations during bankruptcy, and strategies for financial recovery. Our legal professionals help you understand and fulfil your responsibilities whilst working toward a fresh financial start. We ensure compliance with all Australian Financial Security Authority requirements throughout the process.
Our experienced team handles all aspects of insolvency litigation in the Federal Court and other jurisdictions. We represent clients in complex insolvency disputes, creditor’s petition proceedings, and related legal proceedings. Our litigation expertise ensures your interests are vigorously protected throughout any legal challenges.
We manage deceased estate insolvency matters, providing guidance to executors and administrators facing complex financial situations. Our legal professionals ensure compliance with all relevant legislation whilst working to achieve the best possible outcome for all parties involved.
For creditors seeking to recover debts, we provide strategic advice and representation throughout the debt recovery process. Our experienced lawyers work to protect creditor interests through various legal mechanisms, including bankruptcy proceedings when necessary. We maintain a deep understanding of both debtor and creditor rights under Australian law.
We offer tailored solutions for small business owners facing financial challenges in Sydney’s competitive market. Our restructuring lawyers work to develop practical, achievable plans that can help preserve your business whilst addressing financial obligations. This includes exploring alternatives to traditional bankruptcy proceedings.
Our experienced lawyers begin with a thorough assessment of your financial situation. We examine your assets, debts, and financial obligations to develop the most effective strategy for your circumstances.
Working with the Australian Financial Security Authority and relevant bankruptcy trustees, we create a comprehensive plan that considers both immediate challenges and long-term financial stability.
Our legal professionals guide you through every step of the legal process, from bankruptcy filing to final resolution, ensuring compliance and protecting your interests throughout.
CGM & Partners offers a 100% client satisfaction guarantee. Speak to us today for a complimentary 15 minute consultation about your business.
Under the Bankruptcy Act, standard bankruptcy periods last three years and one day from filing. However, our lawyers can often identify alternatives that might better suit your situation.
Whilst bankruptcy places certain restrictions on business operations, our experienced insolvency lawyers can explore alternatives such as corporate restructuring or other solutions that might allow continued business operation.
Bankruptcy has significant implications for your financial future. It affects your credit report for up to five years after discharge, may restrict overseas travel, and can impact your ability to hold certain professional positions or directorships. However, it also provides protection from creditors and a structured path to financial recovery. Our experienced bankruptcy lawyers can help you understand these implications in detail.
Under the Bankruptcy Act, the standard bankruptcy period is three years and one day from when you file your Statement of Affairs. However, this period can be extended if you fail to comply with bankruptcy obligations or if the bankruptcy trustee lodges an objection to your discharge. Our insolvency lawyers can help ensure you meet all requirements to avoid extensions.
Whilst bankruptcy doesn’t mean losing everything, certain assets may need to be surrendered to your bankruptcy trustee. Protected assets typically include basic household items, tools of trade up to a certain value, and some superannuation benefits. Our experienced team works to help you understand and maximise your asset protection options under New South Wales and federal laws.
Most unsecured debts are released upon bankruptcy, including credit cards and personal loans. However, certain debts remain payable, such as court-imposed penalties, child support obligations, and HELP/HECS debts. Our legal professionals provide clear guidance on which debts will and won’t be affected by bankruptcy.
Bankruptcy places restrictions on business operations, including limitations on managing a company or trading under a business name. However, there may be alternatives to bankruptcy, such as personal insolvency agreements, that could allow you to continue operating your business under certain conditions.
A bankruptcy trustee takes control of your divisible assets and investigates your financial affairs. They are responsible for realising assets, investigating any potential recoveries, and distributing funds to pay creditors. Our team facilitates effective communication and cooperation with your trustee throughout the process.
The treatment of your home during bankruptcy depends on several factors, including ownership structure, equity position, and whether it’s solely or jointly owned. Our experienced bankruptcy lawyers can advise on potential strategies to protect your residential property and explore alternatives that might allow you to retain your home.
Generally, superannuation funds in a regulated fund are protected in bankruptcy. However, excessive contributions made before bankruptcy may be recovered by the bankruptcy trustee. Our insolvency practitioners can provide guidance on protecting your retirement savings whilst ensuring compliance with all legal obligations.
Bankruptcy is a matter of public record, but there is no automatic requirement to inform your employer unless you work in certain industries or professions. Our legal professionals can advise on your specific disclosure obligations and help manage any employment-related implications.
During bankruptcy, you must obtain written permission from your bankruptcy trustee to travel internationally. Our experienced team can assist with trustee communications and help you understand the process for obtaining necessary travel permissions.
Bankrupts must comply with various obligations, including reporting income, disclosing assets, and cooperating with their trustee. Our lawyers provide comprehensive guidance on these requirements and help ensure your ongoing compliance with all aspects of the Bankruptcy Act.
Don’t let financial challenges overwhelm you. Our Sydney bankruptcy lawyers offer initial free consultation, clear practical legal advice, strategic solutions for financial difficulties, and extensive experience in all aspects of insolvency law.
Contact our team today for further information and start your journey toward a fresh start. Our experienced bankruptcy lawyers are ready to provide the guidance you need during this challenging time.
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