When a company or person is unable to pay its debts, it is, by definition, insolvent which means there are not enough assets to pay its liabilities.
Usually, in these circumstances an appropriately qualified insolvency practitioner is appointed to the company or person’s estate to deal with its affairs, realise its assets and distribute the proceeds of those assets to creditors. This process is governed by legislation and the insolvency practitioner is required to operate within that legislation.
As a consequence, creditors and stakeholders need to know what the prospects are of receiving their money back either in full or in part.
This website is designed to:
- Provide information to stakeholders about the insolvency industry;
- Provide specific information about insolvency administrations which are being administered by our firm; and
- Provide details about our firm, our services and benefits.
Our Firm
Morton + Lee Insolvency specialises in corporate and personal insolvency and reconstruction assignments.
Gavin Morton and Leon Lee (the firm’s principal and director) hold the relevant qualifications and licences to accept formal corporate and personal insolvency appointments.
The key features of the firm are:
- The firm commenced operations on 1 January 2010;
- Gavin Morton and Leon Lee have over 45 years’ experience in the insolvency industry;
- As a result of our experience in the Brisbane insolvency market over a number of years, our reputation in the market place is based on skill, professionalism, integrity and practical, no-nonsense approach;
- We practise mainly in South East Queensland but are able to adequately service appointments in regional areas outside of Brisbane and interstate;
- Through our appointments, have a wide range of commercial business experience across a wide range of industries;
- We possess skilled, dedicated staff with specialised knowledge and skills; and
- We adopt a commercial no-nonsense approach delivering results within reasonable timeframes at reasonable cost.