Did you know?
If you are served with a Bankruptcy Notice, you have a strict window of just 21 days to respond: you must either pay the debt, agree to a payment plan, or apply to the court to have the notice canceled.
Learn more here: Professional Banktrupcy Lawyer Sydney | Ash Walker
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When debts mount and the ATO or trade creditors start taking legal action, the pressure can feel insurmountable. Voluntary Administration is a proactive step under the Corporations Act 2001 that appoints an independent expert to take control and find the best path forward—often saving the business from permanent closure.
A winding-up application is a creditor's ultimate move to liquidate your company and cease its operations. Ash Walker Lawyers provides the rapid, expert defense needed to stall court proceedings, negotiate settlements, and explore restructuring options to ensure your business survives.
If you are facing severe financial distress, understanding the three bankruptcy types is crucial. Australia's Bankruptcy Act 1966 offers Formal Bankruptcy, Part IX Debt Agreements (for modest debts), and Part X Personal Insolvency Agreements (for substantial, complex debts). Ash Walker Lawyers helps you choose the best option to regain control.
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