Personal Insolvency

Personal insolvency can be a highly challenging financial situation. When debts become difficult to manage, uncertainty around options and obligations can quickly create pressure.

We help:

  • Understand the options available when personal debts become unmanageable
  • Clarify how different insolvency pathways may affect your circumstances
  • Navigate the practical implications of personal insolvency, including assets, income, and creditor interactions
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4.9
75 Google Reviews
Award Winning Law Firm – Top Specialist Firm & Top Boutique Firm (Australasian Lawyer)

First class advice, service, and communication. I have had the pleasure of working with Velocity Legal for many years across a range of challenging matters and they never fail to impress.

Grant F

Their meticulous attention to detail, unwavering professionalism and strategic approach have delivered an outstanding result. Their level of service is nothing short of impressive.

Jack C

From the initial consultation to the final resolution, they provided exceptional
service and achieved an outstanding result for our case.

Wan Li

We are an accounting firm that works closely with Velocity Legal on all our client's legal matters… Every client who works with their team is delighted and impressed by the clear advice, efficient communication, and seamless process.

Selina L

I highly recommend the team at Velocity Legal. They are extremely knowledgeable, professional, have an eye for detail and their work ethic is second to none.

Mark P

They provided so much support and guidance through the process and I felt like they genuinely cared about getting the right outcome for me. They obviously know their stuff but were able to explain things in a simple and clear way.

Natalie F

Approachable, honest, professional and transparent. An absolute pleasure to work with.

Bob W

4.9
75 Google Reviews
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We Understand What You Are Going Through

Financial strain can affect how day-to-day decisions are made. You may be facing increasing debt, creditor contact, or uncertainty about what steps are realistically available to you.

Personal insolvency matters often involve practical consequences beyond the immediate financial position. Questions about income, assets, and obligations can sit alongside concerns about stability, independence, and how different insolvency options may affect future arrangements.

We understand how confronting these circumstances can feel. We help you work through personal insolvency matters with a clearer understanding of the options available and the practical implications involved.

Our Services Include

  • Assisting individuals through the bankruptcy process and its implications
  • Advising on alternatives to bankruptcy, including personal insolvency agreements and informal creditor arrangements
  • Supporting debtors and related parties in dealings with bankruptcy trustees
  • Representing individuals in bankruptcy proceedings, including claims brought by or against them
  • Providing advice to bankruptcy trustees on matters arising during debtor administrations
  • Acting for trustees and creditors in investigating, preserving, and recovering debtor assets
Our Difference
Accountability & Expertise

Every matter we handle comes with full accountability. You’ll deal directly with an expert – every time, no exceptions.

In Your Shoes

Understanding your unique circumstances and goals - so our advice is practical, personal, and never given in a vacuum.

Transparency & Communication

We speak your language. That means plain, clear advice - what’s happening, why it matters, and what comes next.

50+
Australian Based Team
4,000+
Matters Expertly Handled
10+
Awards & Industry Recognition

Our Process

  1. Book Meeting
    Fill in the contact form below or call our office to book an initial consult. You can choose between in-person or video conference.
  2. Get Advice

    You’ll discuss your situation in depth with a senior lawyer. This includes exploring your requirements, goals, and desired outcomes. You’ll walk away from this meeting with a clear understanding of the next steps.
  3. Achieve Outcomes

    Our legal team will work tirelessly to achieve your desired objectives. We work hard, communicate regularly, and pride ourselves on delivering results.
Book a Consult
Take the First Step Today

You don’t have to figure this out alone. Book an initial consult with our expert legal team and get clear answers about your situation.

  • Transparent quotes (no ‘bill shock’)
  • Rapid response
  • Award winning team
Andrew Henshaw
Managing Director
Award Winning Law Firm – Top Specialist Firm & Top Boutique Firm (Australasian Lawyer)
Our Directors

Managing Director

Andrew Henshaw

Director

Greg Thomas

Director

Jess Hill

Director

Rajan Verma

Director

Seamus Ryan

Frequently Asked Questions
What is personal insolvency?
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Personal insolvency refers to situations where an individual is unable to meet their financial obligations. It can involve formal processes such as bankruptcy, as well as alternative arrangements depending on a person’s circumstances.
What options are available besides bankruptcy?
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There may be alternatives to bankruptcy, including personal insolvency agreements or informal arrangements with creditors. Whether these options are suitable depends on factors such as income, assets, and the nature of the debts involved.
How does bankruptcy affect assets and income?
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Bankruptcy can affect how assets and income are treated during the administration of an insolvent estate. The extent of that impact can vary depending on the type of assets held, income earned, and applicable thresholds or exclusions.
What role does a bankruptcy trustee play?
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A bankruptcy trustee is appointed to administer the insolvent estate. This can include reviewing assets and liabilities, dealing with creditors, and overseeing the process through to completion or discharge.

Take the First
Step Today

You don’t have to figure this out alone. Book an initial consult with our expert legal team and get clear answers about your situation.

  • Transparent quotes (no ‘bill shock’)
  • Rapid response
  • Award winning team
Book Consult
4.9
75 Google Reviews
Award Winning Law Firm – Top Specialist Firm & Top Boutique Firm (Australasian Lawyer)