BANKRUPTCY AND LIQUIDATION
Bankruptcy and liquidation can be initiated by the debtor or the company itself, or by the creditor or the company. Either the debtor or the company, or by the creditor or the company could contact us in terms of the specific process initiation.
DEBT RECOVERY
Debt collection is a daily practice for lawyers. Depending on the cause and the amount of the debt, there are different ways and means to collect the debt. However, it is best not to incur debts. The Chinese describe you as standing tall and condescending when you lend money. But you have to be on your knees to collect the debt. Even if you are on your knees, you may not get your debt back. Debt collection is already a passive rather than defensive act. It is best to seek legal counsel when you are in a lending relationship. In this way, the act of borrowing becomes a relatively active and defensive act. Reception cannot be separated from the contract. The mortgage clause is one of the clauses that lawyers always look at. In Australia, debt recovery is done through court proceedings, and the size of the debt you are seeking to recover determines the level of court in which the proceedings are initiated. The local court generally handle cases up to $100,000; the district court handle cases between $100,000 and $750,000. Cases with the amount of debt over $750,000 are completed in the supreme court.