Personal Guarantees – Why you need to use them and how Personal guarantees are one of the most useful tools a business can implement to
If you are worried about your financial position as a result of a failed business, bad investment or personal guarantee, we can help.
Our Insolvency Lawyers can provide you with practical advice and assistance to help you overcome the stress and implications of personal insolvency.
Bankruptcy & Personal Insolvency
Bankruptcy and personal insolvency often cause people huge amount of stress, but it doesn’t have to be this way. If you are being chased by creditors that you simply cannot afford to pay or if you have been served with a Bankruptcy Notice or Creditors petition it’s important to seek advice without delay.
Where your persoanl financial circumstances are dire or your creditors arer uncompromising, we can advise you in relation to your options under the Bankruptcy Act including available alternatives to Bankruptcy such as a Debt Agreement and Personal Insolvency Agreements.
Creditor’s Petitions for Bankruptcy
The Real Reason for Insolvency
This is an important question, the answer to which must always be carefully considered.
Often the real reason for insolvency is because a person received poor or negligent advice about a business transaction or investment or was misled into signing an agreement or guarantee.
If this is the case we can assess whether you have an available defense to a creditor’s claim or a claim against a third party that may lead to compensation to enable you to avoid Bankruptcy.