Project Bankruptcy

We helped the director of a company go from petitioning for his own bankruptcy, to paying all creditors in full, and becoming a millionaire.

After a challenging number of years, attempted negotiations for the sale of the director’s owned shares in a local trading company had broken down. A dispute with shareholders had then resulted in him being threatened with a creditor-led court petition.

When an appointed trustee subsequently sold the share, we were able to provide advisory services to the director and help him to protect his position.

The sale of the shares was sufficient to not only repay the costs and expenses of the process in full, but also to ensure that the director was discharged from all creditor liabilities and become a millionaire through money returned to him by the end of the process.