Insolvency & Restructuring

It’s no secret that COVID has impacted countless businesses across Australia, so with insolvency on the rise, understanding it and its impacts is crucial. A dip in turnover for whatever reason can make the path forward tenuous. Understanding which direction to turn when you hit a roadblock isn’t always apparent and being proactive to assess options is prudent.

What we do

We help guide you to the next step – Whether restructuring, negotiating with administrators and creditors or winding up your business, we deal with what is required. We also act for liquidators, receivers, administrators, directors and creditors in all aspects of contentious and non-contentious insolvency work.

How can Baybridge help me?

Our Insolvency & Restructuring expertise and services include the following:

Why choose Baybridge?

Our lawyers have extensive experience and expertise in all aspects of insolvency and restructuring, helping guide clients through the complex process and achieve the best possible outcome.

We offer a full range of insolvency and restructuring services, including representation in court proceedings, public examinations, and applications for directions and judicial advice.

Our goal is to help our clients navigate the challenges of insolvency and restructuring and achieve the best possible outcome for their business. We are committed to providing high-quality services and achieving success for our clients.

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Purchase of Rent Rolls

We understand that selling a property management portfolio can be difficult and time-consuming. Understanding the unique intricacies of acquiring a significant asset ensures that the process goes as smoothly as possible; we work with you to guide you through each step. We manage the process from assisting with negotiating the agreement, drafting the purchase contract, and managing the settlement process. Our involvement ensures you are in safe hands, allowing you to focus on managing and growing your business, as well as your new portfolio of clients.

Succession Planning

Real Estate Agencies are unlike any other business, and planning the next stage for your agency requires careful analysis and consideration. Although sometimes emotional, succession planning is a vital part of business planning. We are here to guide and support you through this transition with advice on the best succession plan for you and your team. Once the right plan is in place, we assist with Shareholder Agreements, Buy Back Agreements, and other contracts you may need.

Frequently Asked Questions

Here are answers to some of the questions we hear most often. If you’ve got a question that isn’t covered, hit us up and we’ll be happy to help.
The process of selling assets, paying creditors, distributing any remaining assets to shareholders, and ultimately dissolving the business. Upon completion of a wind up, the company will no longer exist
No, insolvent trading is illegal – there are harsh penalties, including civil action, compensation proceedings and criminal charges.
As a director of an insolvent company, you must prevent insolvent trading. Directors must be aware of their company’s financial status at all times, not just at the start of the financial year when financial statements are generated; pleading ignorance is not a valid defence.
This is where a director engages a restructuring consultant to develop and implement a restructuring plan. This may include cost reduction activities such as selling of assets or dissolving sections of the business.

What our clients have to say

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