The reality of the post-GFC business world is such that all businesses need to be aware of insolvency and bankruptcy law. Romans and Romans Lawyers have acted for clients who, because of financial distress, could not meet their payment commitments and needed to be aware of their legal rights and obligations. Further, we are experienced in advising clients who may be owed money by insolvent or bankrupt entities. We routinely provide advice on:

  • The procedures of appointing administrators to companies
  • The appointment of trustees in bankruptcy
  • Deeds of Company Arrangement (DOCAs)
  • Arrangement pursuant to Part X of the Bankruptcy Act 1966
  • The rights and obligations of companies in administration, bankrupts, company administrators, trustees in bankruptcy and receivers
  • Challenging the contract of trustees in bankruptcy or company administrators in the course of their duties
  • Preparation of proofs of debt
  • Preparation of bankruptcy notices pursuant to the Bankruptcy Act