Insolvency

Navigating insolvency can be one of the most challenging aspects of running a business. Whether you are a company director facing financial distress, a creditor seeking to recover debts, or an individual dealing with bankruptcy, having experienced legal guidance is crucial.

At Caruso & Co Legal, we offer comprehensive insolvency services designed to help you manage financial difficulties with clarity and confidence. Our team is well-versed in insolvency law, assisting clients through every stage of the process.

We are led by our Principal, John Caruso, who brings significant expertise to our insolvency practice. From November 2022 to November 2024, John served on the Insolvency Practitioner Registration and Disciplinary Committees (IPRDC)—committees convened to make decisions on:

  • Applications for registration as a liquidator,
  • Applications to vary or remove conditions on existing liquidator registrations, and
  • Disciplinary matters for registered liquidators.

These committees comprise an ASIC delegate as Chair, a Minister’s Appointee, and an ARITA Member, reflecting the depth of expertise and oversight in insolvency matters.

Our Insolvency Expertise

  • Corporate Insolvency: Advising businesses facing insolvency on their rights and obligations, including voluntary administration, liquidation, and restructuring options.
  • Director Representation: Representing directors in insolvency-related matters—defending insolvent trading claims, addressing breaches of fiduciary duty, and mitigating personal liability.
  • Creditor Representation: Pursuing debt recovery and negotiating settlements, including claims in insolvency proceedings.
  • Bankruptcy: Offering advice and representation to individuals, including the preparation and lodgement of bankruptcy applications and defending against bankruptcy petitions.
  • Insolvency Disputes: Handling disputes around preferences, voidable transactions, and director’s duties claims.

Insolvency is complex and often distressing, but the right legal support can help you navigate it effectively. We are committed to achieving the best possible outcomes—whether that involves restructuring, recovery, or litigation.

1.

Experience

We are led by our Principal, John Caruso, who brings significant expertise to our insolvency practice. From November 2022 to November 2024, John served on the ASIC Insolvency Practitioner Registration and Disciplinary Committees (IPRDC)—committees convened to make decisions on:
• Applications for registration as a liquidator,
• Applications to vary or remove conditions on existing liquidator registrations, and
• Disciplinary matters for registered liquidators.

John Caruso’s role reflects Caruso & Co Legal’s depth of expertise and oversight in insolvency matters.

2.

Clarity & Protection

We believe in transparency—providing clear, upfront information about costs and your legal rights. Your protection is our priority, every step of the way.

3.

We Take Care

We prioritise excellent communication, ensuring you’re informed and supported throughout your legal journey. We are always here to assist you.