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Debt Recovery and Insolvency

Navigating Debt & Insolvency. Finding Practical Solutions.

Effective Solutions for Financial Stability

Managing debt and navigating insolvency can be complex and stressful for businesses. At Foye Legal, we provide expert legal advice to help businesses and individuals across NSW to recover unpaid debts, enforce securities, and handle insolvency proceedings with confidence. Whether you’re dealing with unpaid invoices or complex liquidation disputes, our tailored solutions aim to protect your financial interests and resolve matters efficiently.

Unpaid Invoices and Accounts

Unpaid debts can disrupt cash flow and impact business operations. Foye Legal assists in recovering outstanding amounts through negotiation, demand letters, and legal proceedings. Our goal is to help you recover debts quickly while maintaining professional relationships where possible.

Enforcement of Securities and Guarantees

When debts remain unpaid, enforcing securities or guarantees can provide a pathway to recovery. We help businesses enforce their rights under loan agreements, mortgages, and personal guarantees, ensuring compliance with legal requirements and maximising recoveries.

Insolvency Proceedings and Liquidation Disputes

If your business faces insolvency or liquidation, navigating the legal framework is critical to protecting your interests.

Foye Legal provides guidance on voluntary administration, creditor arrangements, and liquidation processes, helping you minimise losses and comply with legal obligations.

Preference Claims in Bankruptcy

Preference claims arise when a creditor is unfairly favored in the lead-up to bankruptcy or liquidation. Foye Legal provides legal advice to creditors & businesses on defending or pursuing preference claims, ensuring fair outcomes in accordance with Australian insolvency laws.

We’re in this together

Don’t let unpaid debts or insolvency issues disrupt your business. Contact Foye Legal today for practical, strategic support that helps you recover what you’re owed and confidently move forward.

WorkingWith Your Lawyer: Your Essential Toolkit

Seeking legal assistance early gives you control over your situation, helping you avoid complications and manage costs effectively. This guide provides practical tips, checklists, and key insights to help you confidently navigate legal processes to secure the best possible outcome.

What To Expect From Your First Consultation With Us

Your first consultation is vital in safeguarding your interests and laying the foundation for the best possible outcome. At Foye Legal, we value the trust you place in us and are committed to providing clarity, strategy and unwavering support from day one.

debt recovery & insolvency

FAQs

Foye Legal can start the process by issuing a formal demand for payment. If this is unsuccessful, legal action or mediation may be necessary. Foye Legal can help you escalate matters appropriately to recover your debts.

Securities, such as mortgages or charges, and guarantees are legal agreements that provide assurance of debt repayment. If a debtor defaults, these can be enforced through legal action to recover the debt.

Insolvency occurs when a business cannot pay its debts as they fall due. Liquidation is the process of winding up an insolvent company, selling assets to pay creditors, and closing the business.

Preference claims involve recovering payments made to certain creditors that gave them an unfair advantage before a business entered insolvency. These claims aim to ensure equitable treatment of all creditors.

Foye Legal provides comprehensive advice on managing insolvency, including voluntary administration, creditor negotiations, and liquidation. We help businesses navigate these processes while protecting their interests.

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