DEBT RECOVERY

You are in business to make a profit.
When clients do the wrong thing by you — in delaying or not paying you — then you need to know your legal rights.

Personal Bankruptcy

Broadly speaking, bankruptcy is when a person is unable to pay their debts when they are due and payable. In Australia, being declared bankrupt refers to the insolvency regime for individuals under the Bankruptcy Act 1966 (CTH). Streeterlaw has extensive experience in dealing with bankrupt companies or companies going bankrupt and predominantly acts for creditors. The Bankruptcy Act regulates the legal process by which an administrator or trustee can be appointed to take over the financial affairs of the individuals. The minimum amount of debt required before a bankruptcy notice can be issued is $5000. Streeterlaw acts on behalf of creditors seeking to recover debts from individual debtors and assists trustees in relation to bankruptcy issues, including the following: public examinations, search and seizure orders, the transfer of land, recovery of assets, caveats on land, and seeking to recover voidable transfers of assets or property.

Debt Recovery Lawyers in Sydney

Extensive experience in the personal bankruptcy area is crucial in relation to the enforcement of judgments in debt recovery matters. Contact Streeterlaw’s Sydney Debt Recovery Lawyers and speak to a senior insolvency solicitor to obtain a no-obligation phone consultation.