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Insolvency and Restructuring – Personal and Corporate
These are economic hard times for many sole traders, wage earners and partnerships. Often substantial debts can be incurred through no fault of the business operator. If you find yourself in trouble bankruptcy is not necessarily inevitable. Macree Law can negotiate a scheme that may satisfy your creditors and allow you to reorganise your life and business.
A director must not trade if his company cannot pay its debts as they become due. If this occurs, immediate action may save you or your company from bankruptcy or liquidation and breaches of the Corporations Law.