Sydney Bankruptcy & Insolvency Lawyers, Chinese Speaking

I received a bankruptcy notice — how long do I have?

Generally 21 days from service to comply or apply to set it aside. Missing that date lets the creditor petition the court, so this is a matter to bring to us in days, not weeks.

Will I lose my house if I go bankrupt?

Not automatically. Your interest in the property vests in the trustee, but the outcome depends on equity, co-ownership and mortgage position. Some assets and tools of trade are protected up to statutory limits. We map your specific position before you decide anything.

My company owes money but I signed a personal guarantee. Am I stuck?

Not necessarily. Guarantees are often poorly drafted, unsigned by a required party, or cover a different facility than the creditor claims. We read the document itself before accepting that you are liable.

I am the creditor — is bankruptcy the best way to get paid?

Often not. Bankruptcy puts you in line with every other unsecured creditor. Before spending money on a petition we assess the debtor's actual assets and whether a judgment, garnishee or negotiated instalment plan recovers more.

How are your fees structured for insolvency work?

We confirm scope and fees in writing before starting, and for urgent deadline work we usually stage the budget so you can decide at each step rather than committing to the whole matter upfront.