Insolvency

Financial difficulties can be a very stressful time for both businesses and individuals. As clients of O’Boyle + Associates, you will have access to specialists who can advise and assist you through the financial difficulties and provide long term solutions. 

As insolvency specialists, O’Boyle + Associates can assist and advise you in all areas of insolvency including:

• Creditors Voluntary Liquidation

A Creditors Voluntary Liquidation is usually instigated by the Directors of the company after seeking financial advice from their accountants and in certain cases from an Insolvency specialist due to the company being insolvent. 

• Members Voluntary Liquidation

A Members Voluntary Liquidation is a simple, cost effective and tax saving method of winding up a company and extracting the assets to the benefit of the shareholders. 

• Court Liquidation

A Court Liquidation also known as an Official Liquidation is when a Liquidator is appointed to a company by order of the High Court. 

• Receivership

Receivership is a method for a charge holder to recover outstanding borrowings where a loan under a debenture has defaulted. 

• Examinership

An Examinership is a formal process to restructure an insolvent company while under the protection of the high court. 

• Corporate Recovery

Our insolvency team can provide specialist services in corporate turnaround, restructuring and schemes of arrangement. 

• Bankruptcy

  Bankruptcy is the legal process through which individuals can seek relief on some or all the Debts to Creditors that they cannot repay. Bankruptcy can be suitable if a debtor is insolvent and unfortunately likely to remain insolvent.