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INSOLVENCY
We excel at balancing the technical solution with a commercial approach, so as to achieve our clients’ objectives as cost-effectively as possible.
Mangioni Biggs + Co provides legal advice, and a full range of insolvency and restructuring legal services, to ASX-listed companies, private companies, company directors and senior executives, secured and unsecured creditors, litigation funders, bankruptcy trustees, administrators, receivers and liquidators.
Our expertise includes:
BUSINESSES IN FINANCIAL DISTRESS
Sometimes, our work involves helping businesses in financial distress through strategic recovery plans, restructuring and value preservation.
At other times, it involves assisting creditors in dealing with a counterparty that is under financial stress.
In a worst case, it involves providing a professional, respectful and empathetic approach to engaging one of the available forms of corporate insolvency appointments, and assisting in the implementation of an orderly wind-down of the business.
In any near-insolvency situation, it is important to understand the legal rights and the likely commercial positions of the various stakeholders and, from a sound foundation, to make good decisions to maximise outcomes.
Our team has extensive experience in negotiating the legal and commercial landscape of the most complex insolvencies, and our approach is outcome-focused and known for being respectful and empathetic to affected parties.
Our insolvency lawyers have successfully helped businesses of all shapes and sizes across a range of industries in the most difficult of times.
PRE-APPOINTMENT + POST-APPOINTMENT ADVICE
Our team has vast experience in a range of industries, in advising on a broad array of insolvency matters, including:
- Advising boards on solvency issues (including their duties to shareholders and creditors)
- Advising directors on safe harbour protections
- Advising secured and unsecured creditors on all aspects of their financing arrangements (including security enforcement)
- Advising on personal bankruptcies
- Negotiating and restructuring debt arrangements
- Acting for administrators, receivers and liquidators on all aspects of their appointments
- Preparing and implementing deeds of company arrangement
- Company winding up applications
- Advising on reconstructions
- Acting for bidders for distressed assets
- Advising on asset and debt recovery strategies and actions (including in relation to uncommercial transactions and insolvent trading claims)
- Advising on work-out opportunities
- Introducing litigation funders and assisting to arrange litigation funding
Our team works hand-in-hand with a number of highly-regarded insolvency practitioners.