Helping Creditors 

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Creditors face high levels of risk when dealing with insolvency companies. The chance of getting paid for expensive goods and services can be reduced in an instant, creditors forced into complex preference negotiations just to hold on to the little they did get paid.

 

Walsh & Walsh lawyers can help creditors dealing with insolvent companies. Advising them on their rights when a trade debtor is close to liquidation including what steps to take when a winding up application has been filed.

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We also help creditors respond to unfair preference demands, rasing the right legal arguments to help them protect their bottom line.

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We can also help with the proof of debt process, making sure that creditors aren't caught out by a harsh adjudication. 
 

Helping Insolvency Practitioners

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Insolvency practitioners face financial pressure when appointed in respect of small businesses, frequently finding themselves unfunded and under increased scrutiny regarding remuneration.

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We help practitioners respond to creditor and committee demands, whether it is with disputed remuneration or with breach investigations and creditor and ASIC reporting.

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When creditor and committee approval isn't possible we can help practitioners seek court direction as to their rights and obligations or court approval of disputed remuneration. We do this cost-effectively, making sure that only the real legal issues are raised before the court and that supporting affidavits only address those issues 

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