Insolvency & Debt Recovery Lawyers for Bankruptcy & Debt Collection Matters
- Expert insolvency and debt recovery advice
- Tailored solutions for bankruptcy and restructuring
- Support for businesses, directors, creditors & individuals
- Cost-effective strategies and proactive dispute resolution
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Our Services
How LawBridge Can Help with Insolvency and Debt Recovery
LawBridge offers specialised legal advice and debt recovery services across Sydney to navigate complex insolvency and debt situations. Our experienced solicitors assist individuals, directors, creditors, and insolvency practitioners with practical solutions.
1
Restructuring or Refinancing Your Affairs
We advise businesses on legal options for restructuring or refinancing to support recovery during financial distress. This may involve formal restructuring plans or negotiating new terms with lenders to regain stability.
2
Pre-Insolvency Advice for Directors
We assist directors with pre-insolvency advice, including obligations under the Corporations Act 2001. Our guidance helps manage the risk of insolvent trading and reduce potential personal liability.
3
Negotiating Deeds of Company Arrangement (DOCA)
Our lawyers support companies and administrators through the DOCA process. We assist with negotiation, documentation, and creditor engagement as part of corporate restructuring.
4
Advising on External Administration
We advise on all forms of external administration, including voluntary administration, receivership, liquidation, and bankruptcy. Our guidance helps clients understand each process and protect their interests.
5
Advising Creditors, Shareholders, and Directors During Liquidation
We represent stakeholders during liquidation proceedings. Whether you’re a creditor, director, or shareholder, we provide advice on your rights, responsibilities, and recovery options.
6
Assisting with Personal Property Securities Register (PPSR)
We help businesses register and manage security interests on the PPSR. Proper registration under the Personal Property Securities Act 2009 helps protect your position in case of debtor insolvency.
7
Understanding Public Examination Powers
We guide creditors and liquidators through the process of public examinations to investigate the affairs of insolvent companies or individuals under bankruptcy, including proper scope and legal procedures.
8
Advising on Personal Insolvency Agreements (PIA)
Our lawyers assist individuals in financial difficulty by advising on PIAs under the Bankruptcy Act 1966. These can offer a practical alternative to bankruptcy for resolving personal debts.
9
Managing the Debt Recovery Process
We handle the full debt recovery process—from initial demands to litigation. Our services include issuing statutory demands, filing claims in court, and enforcing judgments against non-paying debtors.
10
Legal Support for Insolvency Practitioners
We work closely with administrators, liquidators, receivers, and trustees. Our advice ensures proper compliance and support during administration, liquidation, receivership, or bankruptcy proceedings.
Strategic Approach to Debt Recovery & Collection
At LawBridge, we take a strategic and commercially focused approach to recovering outstanding debts. Our Sydney-based debt recovery lawyers provide clear advice and manage the process efficiently, aiming to maximise returns for creditors while ensuring full legal compliance.
1
Initial Assessment and Strategy
We start by assessing your matter to determine the best recovery path:
Reviewing the debt – Amount, age, and any disputes
Checking documentation – Contracts, invoices, terms of trade
Planning recovery – Tailored legal strategy based on likely outcomes
2
Pre-Litigation Negotiation and Demands
We aim to resolve matters before litigation where possible by:
Issuing formal letters of demand
Engaging in negotiation or setting up payment plans
Using statutory demands (for company debtors) to prompt payment or support insolvency proceedings
3
Commencing Litigation Proceedings
If informal recovery fails, we can:
Prepare and file court documents, such as a Statement of Claim
Commence legal proceedings in the appropriate court based on the debt value
Manage the litigation process, including service, defence handling, and seeking judgment
4
Enforcement of Judgments
If a court order is granted and the debtor still fails to pay, we assist with enforcement through:
Examination summons to assess the debtor’s financial position
Writs for seizure and sale of property
Garnishee orders on wages or bank accounts
Bankruptcy or winding-up proceedings where appropriate
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Why Choose LawBridge as Your Insolvency and Debt Recovery Lawyers in Sydney
Selecting the right legal partner is crucial when facing financial distress or pursuing debt recovery. LawBridge offers distinct advantages for individuals, businesses, and insolvency practitioners navigating insolvency and debt matters in Sydney.
Experienced Insolvency and Commercial Law Practitioners
Our team brings deep expertise in personal and corporate insolvency, including:
Restructuring and debt recovery litigation
External administration processes
Commercial advice with business context in mind
Pragmatic, Commercially Focused Advice
We are committed to providing practical and commercially sensible legal advice. Our focus is on developing strategies that lead to cost-effective solutions, whether you are a debtor seeking relief or a creditor aiming to recover funds. We aim to resolve your insolvency and debt recovery challenges efficiently.
Client-Focused Approach Tailored to Your Needs
We tailor advice to suit your unique circumstances, supporting:
Individuals navigating bankruptcy or personal insolvency
Directors needing pre-insolvency guidance
Creditors and debtors in recovery processes
Insolvency practitioners requiring legal support
Proactive Risk Management and Asset Protection
Beyond resolving immediate issues, our solicitors can assist with proactive measures. We offer legal advice on:
- Strategies to manage financial risk effectively.
- Asset protection techniques, including advice related to personal property securities (PPSR). This forward-thinking approach helps safeguard your financial interests against future insolvency challenges.
What Our Clients Say
Our clients trust LawBridge to provide clear, reliable & practical legal support.
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Team
Our Dedicated Insolvency & Debt Recovery Team
At LawBridge, our dedicated team provides focused legal advice and support for clients navigating the complexities of insolvency and debt recovery matters in Sydney and across Australia. We are committed to delivering practical solutions and expert guidance.
Adam Jacobs
Partner & Co-Founder
Ramia Abdo Sultan
Partner & Co-Founder
Mohamad Kammoun
Managing Partner & Co-Founder
Practice Areas
Our Expertise
LawBridge offers specialised legal counsel tailored to the unique needs of the not-for-profit sector. Leveraging deep experience within charities and educational institutions, we provide guidance on governance, compliance, structuring, and operational matters, helping organisations advance their mission effectively.
LawBridge delivers specialised conveyancing solutions designed for the property development sector. We manage complex transactions, including off-the-plan contracts and large-scale settlements, ensuring your projects progress efficiently, mitigate risks, and achieve successful, timely completions.
We provide commercially astute legal advice and solutions for businesses operating in NSW and across Australia. From corporate structuring and transactions to litigation and compliance, our focus is on delivering pragmatic strategies that protect your interests and drive your commercial objectives forward.
We understand that personal legal matters require sensitivity and expertise. LawBridge provides clear, practical advice on personal law issues including family law, wills, and estate planning, ensuring your personal interests and assets are protected with a strategic, results-oriented approach.
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Navigating Financial Distress with Expert Legal Support
Financial distress can place businesses and individuals under immense pressure. At LawBridge, we provide clear, strategic legal guidance to help you manage insolvency and recover debts with confidence.
Understanding Insolvency and Debt Challenges
Running a business comes with financial risks, including cash flow issues, mounting debt, and potential insolvency. These challenges can affect both business continuity and personal finances. LawBridge assists Sydney clients with expert advice to manage financial stress and navigate debt recovery or insolvency options.
Timely legal support is critical. Solutions may involve restructuring, negotiating payment plans, or enforcing creditor rights. Whether you’re a creditor recovering unpaid debts or a debtor facing bankruptcy, we provide commercially focused advice tailored to your situation.
How LawBridge Provides Solutions
Our team helps mitigate the legal risks associated with insolvency and debt disputes. We offer strategic legal support to protect your position—whether you’re seeking repayment or facing financial proceedings.
Our services include:
Corporate and personal insolvency, including bankruptcy
Legal advice on creditor claims and security enforcement
Guidance for directors on insolvent trading risks
Support through liquidation, administration, and restructuring
Managing litigation and recovery actions for unpaid debts
Insights
Tap into LawBridge Insights & Updates
Stay informed with our latest thinking on legal developments, commercial challenges, and opportunities across the sectors we serve.
Introduction Sunset clauses are a standard inclusion in many New South Wales off-the-plan development contracts. These provisions within the contract traditionally set a ‘sunset date’, allowing rescission if the property
Introduction For property developers in NSW, navigating the specific disclosure requirements for off-the-plan contracts is essential for legal compliance and fostering transparency in property transactions. These obligations, primarily established under
Introduction Buying a property off-the-plan is a common way to enter the New South Wales (NSW) property market, involving a contract for a property that is yet to be built
Introduction Effective governance is fundamental for every successful charity and not-for-profit (NFP) organisation in Australia. Strong charity board processes are not just about following rules; they form the core of
Introduction For many charitable organisations in Australia, achieving Deductible Gift Recipient (DGR) status is highly beneficial, as it allows donors to claim tax deductions for their contributions, thereby encouraging support.
Introduction For any not-for-profit organisation or charity planning to fundraise in New South Wales (NSW), understanding and adhering to the relevant fundraising law is essential. Navigating charitable fundraising guidelines ensures
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Frequently Asked Questions about Insolvency and Debt Recovery
Insolvency and debt recovery can be complex and time-sensitive. Below are answers to common questions we receive from individuals, company directors, and creditors seeking to understand their rights, obligations, and legal options in financial distress or debt-related disputes.
What is insolvency?
Insolvency is the state where an individual or company cannot pay their debts as they become due and payable. This financial distress occurs when liabilities exceed the capacity to meet obligations. Both personal insolvency (often leading to bankruptcy) and corporate insolvency are governed by specific Australian legislation.
What do debt recovery lawyers do?
Debt recovery lawyers specialise in legally reclaiming outstanding debts for a creditor by providing legal advice, negotiating with the debtor, preparing legal documents like a statement of claim, commencing court proceedings (litigation), and enforcing judgments. These solicitors manage the debt recovery process to secure payment of the debt. Their expertise increases the likelihood of successful debt collection.
What is the difference between a debt collector and a lawyer?
The key difference is that only debt recovery lawyers can commence legal action and manage the full litigation process in court to recover a debt. While debt collectors can pursue debts through demands and negotiation, they cannot initiate court proceedings themselves. A solicitor is required to take legal action to recover the debt through the courts.
What is bankruptcy?
Bankruptcy is the formal legal process under the Bankruptcy Act 1966 for individuals who are insolvent and unable to pay their debts. A trustee is appointed to manage the individual’s assets, which may be sold to repay creditors, including secured and unsecured creditors. Bankruptcy proceedings provide a structured way to deal with personal insolvency.
What is liquidation for a company?
Liquidation is the process under the Corporations Act 2001 where the assets of an insolvent company are realised (turned into cash) by an appointed liquidator to pay off the company’s debts. This process typically leads to the company being wound up and ultimately deregistered. It is a common outcome for companies facing corporate insolvency.
What is voluntary administration?
Voluntary administration is a process under the Corporations Act 2001 where an independent administrator takes control of an insolvent company to investigate its affairs and financial position. The administrator assesses the available options, which may include returning the company to the directors’ control, executing a Deed of Company Arrangement (DOCA) with creditors, or proceeding to liquidation. This process provides a chance for corporate restructuring or an orderly winding up.
What is a Creditors Statutory Demand?
A Creditor’s Statutory Demand is a formal written request for payment of a specific debt, issued by a creditor to a debtor company under the Corporations Act 2001. If the company fails to pay the debt, secure the debt, or apply to set aside the demand within 21 days, it is presumed to be insolvent. This presumption can then be used by the creditor as grounds for commencing winding-up proceedings against the company.
What are directors duties regarding insolvent trading?
Directors have a legal duty under the Corporations Act 2001 to prevent their company from incurring new debts if there are reasonable grounds to suspect the company is insolvent or would become insolvent by incurring the debt. Breaching this duty can lead to personal liability for the directors for those debts. Seeking timely pre-insolvency legal advice is crucial for directors facing potential insolvency issues.
What is a Personal Insolvency Agreement PIA?
A Personal Insolvency Agreement (PIA) is a formal arrangement under the Bankruptcy Act 1966 that allows an individual debtor to negotiate a binding agreement with their creditors to settle debts without being declared bankrupt. It provides a flexible alternative to bankruptcy for managing personal insolvency, often involving proposing payments over a set period. A PIA requires creditor approval and is overseen by a registered trustee.
