Insolvency & Debt Recovery

Macrossans Lawyers has a dedicated debt recovery and insolvency service with team members working exclusively in this area.  Litigation partner, Tony Mylne, supervises the team handling debt recovery, the enforcement of secured consumer and business loan, banking litigation and insolvency matters.

Debt recovery

Macrossans offers a cost-effective and streamlined debt recovery service.

Our precedent system covers letters of demand, enforcement and follow-up procedures, and reporting to keep clients updated on multiple recovery actions. We undertake recovery work for federal government agencies, unions, major Australian companies as well as interstate debt collection agencies.

Our experience

• Representing union, conducting bulk debt recovery work involving compliance with a statutory framework which governs the recovery of outstanding union fees
• Representing the Australian Taxation Office in debt recovery, bankruptcy and insolvency matters throughout Queensland
• Representing recovery agency in major debt recovery matters for corporate clients
• Assisting interstate recovery agency by developing system for recoveries and conducting complex matters in Queensland
• Undertaking debt collection related to consumer finance for National Recoveries and Investigations (SA), including enforcement of the Uniform Credit Code provisions.

For further information please contact Tony Mylne or Michael Long.

Bank recovery

We have experience in all aspects of recovery action for banks including:

• Large-scale Supreme Court and Federal Court litigation from recovery through to bankruptcy and winding up
• Applications for possession of land and applications for appointment of receivers
• Obtaining judgment for monies owing under loan agreements and guarantees
• Defending claims by borrowers brought under the Trade Practices Act and breaches of Property Law Act (Qld) in respect of exercise of power of sale.

We have acted for liquidators of Farrow Mortgage Group, the Bank of New Zealand Australia and other credit providers in recovery actions against borrowers involving loan agreements and exercising the power of sale.

Macrossans Lawyers has also acted for borrowers, assisting them to restrain the exercise of power of sale and recovered losses from private mortgage schemes such as acting for a mortgagee in the Laguna Quays recovery.

For further information please contact Tony Mylne or Michael Long.

Insolvency

Macrossans regularly assists clients to successfully prove solvency, seek recoveries, restructure companies and wind down businesses.

Services include:

• Risk management, corporate governance, compliance and business administration advice
• Mergers, acquisitions, debt structuring and business restructuring
• Receivership, bankruptcy and liquidation
• Dispute resolution, including investigations and recoveries
• Disputes over retention of title clauses and constructive trusts
• Responding to winding up applications, proving solvency and protecting assets
• Advising in enforcement and/or the resisting of sub-contractor's charges under the Sub-Contractor's Charges Act and the Building and Construction Industry Payments Act.

We have previously acted for St Hilliers Constructions Pty Ltd in recovery actions, insurance litigation and Trade Practices litigation.

For further information please contact Tony Mylne or Michael Long.