Financial distress is time-critical, and the earlier you act, the more options you keep. We advise directors, companies and creditors on voluntary administration, liquidation, receivership and restructuring, governed by the Corporations Act 2001 (Cth). For directors, acting early can mean the difference between a restructure and personal liability. We act from our offices in Newcastle, for clients across the Hunter and NSW.
How we help
We help you understand your exposure and act on it before options close. We:
- Advise directors on their duties and personal exposure, including insolvent trading and safe harbour.
- Guide companies through voluntary administration, liquidation and restructuring.
- Act for creditors recovering debts, alongside our commercial disputes work, and respond to administrations and liquidations.
- Advise on restructuring options, from an informal workout to small business restructuring and a deed of company arrangement.
Why clients choose Mullane Lindsay
Our litigation team is led by Director Kristy Nunn and Special Counsel David Collins. We give clear, commercial advice at speed, because in insolvency a delay of weeks can remove the best options. Backed by the firm since 1976, we act decisively for directors and creditors alike.
When should directors get advice?
Immediately at the first sign of financial distress. Under section 588G of the Corporations Act 2001 (Cth), a director can be personally liable for debts incurred while the company is insolvent. The safe harbour in section 588GA can protect directors who take early, documented steps reasonably likely to lead to a better outcome than immediate liquidation, but only if they act early and get proper advice. Directors who receive a director penalty notice have a strict, short window to respond.
