It is illegal for a company to knowingly trade insolvent. A company must not continue to generate debt it knows it cannot pay.
Even some of the most diligently managed, experienced companies can find themselves in a situation where they have exceeded their creditor terms and unable to make repayments.
Whether entering into a voluntary administration, liquidation or receivership, Pentana Stanton Lawyers can offer trusted legal advice on all your options and the best course of action, to bring about a solid outcome.
Our lawyers can help you take legal action to recover monies owed to you. Legal collection is cheaper that debt collection, with legal costs potentially eligible to be recouped.
You do not have to wait until the debt is virtually irretrievable to start taking legal action towards recovering it.
Our Lawyers can assist you at various stages of your debt recovery process from drafting a letter of demand to legal representation in court.