With our strong background in commercial law and commercial disputes, together with our expertise in all aspects of personal and corporate insolvency, we are able to provide timely and essential advice to our clients in relation to this complex area of law.
We commonly assist our clients with:
- Restructuring advice and steps in relation to family businesses and family trusts following separation;
- Determination of family business values and the interests of the parties in family businesses and family trusts;
- Working with other professionals including the family or business accountant as required;
- Advising clients where they face personal exposure arising from family business affairs including exposure to personal guarantees and other liabilities of the business;
- Conducting negotiations with banks and other creditors of the family business and, if necessary, acting in litigation related to personal exposures arising from the family business.
Our extensive experience in both personal and corporate insolvency allows us to provide accurate and timely advice to our clients when insolvency issues arise in family law disputes. For example:
- Where the family business is or may be insolvent or where it is the subject of a formal insolvency appointment;
- Where one of the parties to the family law dispute is bankrupt and the bankruptcy trustee intervenes in the family law proceeding;
- Where the bankruptcy trustee of one of the parties makes claims against the property of the other party.
If your separation and division of assets involves a family business or a family trust, we have the necessary expertise to help you achieve the best outcome.
Further, where the insolvency of a family business or an individual occurs, or if you are being pursued personally and held liable for a debt of a family business, our expertise in both family law and commercial and insolvency law means you will receive the best possible advice and assistance.
We strongly recommend that if you are faced with these issues, you promptly seek expert advice.
Our clients are confident in the knowledge that they are in a safe set of hands.
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