INSOLVENCY LAW
The Team has extensive experience in advising clients on utilising the liquidation or sequestration process as an effective tool in debt and asset recovery. We represent large corporate institutions as well as medium and small businesses in applications to liquidate companies or close corporations and to sequestrate the estates of insolvent individuals or trusts.
Often this winding-up procedure is quicker and more cost-effective than instituting legal action against defaulting debtors, but requires careful consideration of the circumstances of each matter. We have also conducted numerous insolvency interrogations and investigations on behalf of creditors.
We have been successful in assisting clients to recover substantial “hidden” assets and in setting aside undue preferences and impeachable transactions. We often advise on and assist clients in the submission of claims against insolvent entities and also regularly advise creditors on the validity and security ranking (preference) of claims submitted by creditors.
