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 struggling with overwhelming debt and feeling trapped in a cycle of financial stress?
The weight of financial difficulties can be crushing, whether you’re facing business challenges, unexpected medical expenses, or the impact of economic downturns. When creditors are circling and your financial situation seems hopeless, the complex maze of bankruptcy law can feel impossible to navigate alone.
The harsh reality is that without proper legal guidance, even a single misstep in the bankruptcy process can devastate your future.
Right now, creditors might be freezing your accounts, garnishing your wages, or threatening legal action.
Your home, your savings, and your business could all be at risk.
We’ve seen countless individuals lose assets they could have protected, face criminal charges for unintentional mistakes in their bankruptcy applications, and suffer consequences that haunt them for decades – all because they tried to handle complex bankruptcy matters without proper legal support.
The stakes are incredibly high. Making mistakes during bankruptcy can lead to:
What’s worse, many people wait too long to seek help, trying to solve overwhelming financial problems alone until their options become severely limited.
Time is critical in bankruptcy matters – delays can mean the difference between saving or losing your home, protecting or forfeiting your retirement savings, or keeping your business alive versus forcing it into liquidation.
At CGM & Partners, we understand the immense pressure and uncertainty that comes with facing bankruptcy. Financial difficulties can arise from various circumstances – whether it’s business challenges, unexpected medical expenses, or economic downturns – and the complex nature of bankruptcy law can make the situation even more daunting.
Without proper legal guidance, you risk making decisions that could have long-lasting consequences on your financial future.
That’s why we are here to help.
As experienced bankruptcy and insolvency lawyers, we are able to assist you with resolving your financial situation and finding the most effective resolution, minimising the damage and helping you move on.
Bankruptcy law is incredibly complex, with intricate regulations, strict deadlines, and detailed procedural requirements that must be followed exactly.
Our lawyers identify alternatives you might not know exist, structuring your filing to protect maximum assets, and navigating complex court procedures. We ensure all documentation is accurate to prevent rejection or fraud allegations, while negotiating with creditors from a position of legal strength to protect your interests.
The right bankruptcy lawyer can often find solutions that aren’t apparent to those without deep knowledge of insolvency law – solutions that could help you avoid bankruptcy altogether or minimise its impact on your future.
Our team of bankruptcy lawyers brings extensive experience in guiding individuals and businesses through financial distress. We offer comprehensive business law legal services tailored to your unique situation, ensuring you understand all available options and make informed decisions about your financial future.
We assist in negotiating and structuring personal insolvency agreements that provide alternatives to bankruptcy. Our team works diligently to create arrangements that satisfy creditors while protecting your interests, potentially allowing you to retain control of your assets and continue operating your business.
Time is critical when dealing with bankruptcy notices. We provide swift and strategic advice on responding to bankruptcy notices, helping you understand your options and timeframes. Our team can assist in challenging invalid notices or negotiating with creditors to prevent bankruptcy proceedings.
We develop comprehensive strategies to protect your legitimate assets while ensuring compliance with bankruptcy laws. Our experienced lawyers work to maximise the assets you can retain through the bankruptcy process, including protecting essential items and specific property allowances under Australian law.
Our team excels in negotiating with creditors to achieve the best possible outcomes. We represent your interests in discussions with creditors, working to arrange payment plans or settlements that may help you avoid bankruptcy or minimise its impact on your financial future.
For company directors facing financial difficulties, we provide strategic advice on corporate insolvency options. Our services include guidance on voluntary administration, liquidation alternatives, and restructuring possibilities to protect both personal and business assets.
We assist in planning for life after bankruptcy, including guidance on discharge timing, obligations during bankruptcy, and strategies for financial recovery. Our team helps you understand and fulfill your responsibilities while working toward a fresh financial start.
The bankruptcy process begins with a thorough assessment of your financial situation. Our experienced team examines your assets, liabilities, income, and circumstances to determine the most appropriate course of action. We then develop a strategic plan that considers both immediate crisis management and long-term financial recovery.
Should bankruptcy be the best option, we manage all aspects of the filing process. This includes preparing and reviewing necessary documentation, ensuring accurate asset disclosure, and handling all communication with the bankruptcy trustee and creditors. Our meticulous attention to detail helps prevent complications that could arise from incorrect or incomplete filings.
CGM & Partners offers a 100% client satisfaction guarantee. Speak to us today for a complimentary 15 minute consultation about your business.
Bankruptcy has significant implications for your financial future. It affects your credit rating for up to 5 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.
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 trustee lodges an objection to your discharge.
While bankruptcy doesn’t mean losing everything, certain assets may need to be surrendered to your trustee. Protected assets typically include basic household items, tools of trade up to a certain value, and some superannuation benefits. Our team works to help you understand and maximise your asset protection options.
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. We 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.
Bankruptcy lawyers can help creditors protect their interests when dealing with insolvent debtors. They provide expert legal advice on debt recovery options, represent creditors in bankruptcy proceedings, and assist in maximising returns through proper claims lodgment and negotiation. They also help creditors navigate their rights in relation to security interests and priority claims.
Don’t let financial stress overwhelm you – take the first step toward resolution by consulting with our experienced bankruptcy lawyers. We offer practical guidance and strategic solutions to help you navigate through financial difficulties and work toward a more stable future.
Our team provides clear communication, strategic advice, and proven expertise in bankruptcy matters. With our support, you can understand your options, protect your rights, and make informed decisions about your financial future.
Contact us today for a free confidential consultation to discuss your situation and explore the best path forward for your circumstances by filling out the form below:
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