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Debt Recovery

Debt Recovery

Are you owed money that you would like to collect?

If so, you contact us at GRIESE LAWYERS. In certain situations, you can recover your legal costs related to debts.

If an individual is declared bankrupt by the Courts, a Trustee is appointed to take control of the insolvent person’s estate in order to turn the assets into cash to distribute among creditors. Bankruptcy proceedings are handled in either the Federal Court or the Federal Magistrates Court, depending on the complexity.

When a company is declared bankrupt the Court has the power to ‘wind it up’ and appoint a Liquidator, whose responsibility is to turn the assets into cash and distribute it in the order set out in the Corporations Act.