Insolvency and bankruptcy
AGS acts extensively for Commonwealth agencies as creditors in corporate and personal insolvencies. Therefore, we bring a unique whole-of-picture understanding to these often complex matters.
We will provide up-front strategic advice about the options and best directions moving forward that are always mindful of the legislative and policy frameworks unique to the Commonwealth. Working collaboratively with in-house counsel and legal teams is second nature to us. We understand the challenges and the financial frameworks within which you work.
Our whole-of-government understanding gives considerable strategic foresight to our advice with an entrenched compliance perspective. Our advice will withstand robust internal and external scrutiny.
We have experience in advising Commonwealth agencies on complex credit recovery, insolvency matters and bankruptcy litigation, including unfair preferences and voidable transactions, and funding liquidators and trustees to recover assets. We also advise Commonwealth clients on options for managing their contracts with service providers and grant recipients who are or may become insolvent, including protecting any Commonwealth funds held by such entities.
Our work across multiple agencies over many years, drawing on relevant dispute resolution and commercial expertise, means we have unrivalled experience in managing the processes and pitfalls associated with bankruptcy and insolvency issues.
In the cases where employers go into liquidation or bankruptcy, we have in-depth understanding of the Fair Entitlements Guarantee.