Bankruptcy in Australia is a legal process in which a person is declared unable to pay their debts. This can be a voluntary process, or though application by a person/company who is owed money. The outcome of a successful Bankruptcy application means that a person, the Bankrupt, will no longer have control over their assets or finances.
This can be a difficult situation for everyone involved, and a good Bankruptcy lawyer knows how to handle such matters sensitively and with great care. Roser Lawyers has worked with some of Australia’s largest trustees in successfully dealing with Bankrupt Estates to achieve the desired outcomes, including:
- Recovering the debts due and payable to creditor companies or persons;
- Assisting business partners to regain control over their business affairs;
- Negotiating litigation funding agreements to assist in a swift process;
- Obtaining renumeration for those involved, including lawyers, trustees, employees, creditor companies; and
- Assisting Bankrupt persons to move on after all of their debts have been realised.
We have worked with both Bankrupt persons and Trustees for Bankrupt Estates. Raymond Roser has developed an expert understanding of the field, after 14 years of legal experience and working on hundreds of corporate and personal insolvency administrations.
If you believe that you or your company has a claim for monies owed to you by a person, or, if you have been contacted by a Trustee or Debt Collector and you are unsure what this might mean for you, do not hesitate to contact Roser Lawyers to discuss.