It is not uncommon for insolvency and/or bankruptcy to coincide with or soon follow separation.
At Culshaw Miller Badenoch Lawyers, we have experience acting in complex family law matters with an added element of insolvency and/or bankruptcy.
Importantly, the court has jurisdiction to deal with bankrupt parties to a de facto relationship or marriage in the context of family law proceedings – this includes in property settlement matters and spousal maintenance proceedings.
In these circumstances, we can act for parties but also the trustees in bankruptcy.
Our team is experienced in managing the niche issues that arise in these cases, and are able to provide commercially sensitive and practical advice so that legal costs don’t spiral out of control.
This area is one of specialty and not easily navigated by trustees or the parties involved, so we recommend obtaining advice early.