Operating a business can be tough and financially distressing. In 2017/2018 December Financial Quarter there were 1,809 entities that went into administration. Directors of a company owe several special duties to the company including a duty not to continue trading while insolvent. Breaching these duties can result in either civil or criminal prosecution from the Australian Securities and Investment Commission.
If your business is insolvent or financial distress, our commercial lawyers can assist and advise you of your director’s duties and restructuring your business. Our commercial lawyers can also assist with the legal processes involved in winding up a company, shareholder disputes and defending proceedings brought by liquidators.
Located in Berwick and Lilydale our commercial lawyers can assist and advise you on insolvency and business restructuring wherever your business is located.
Please do not hesitate to contact us on (03) 8658-0040 for a free, no-obligation consultation about your insolvency or restructuring matter.