Senior Manager
Celia Lay
T:
+61 3 8320 5627
M:
Melbourne
Celia has a thorough understanding of insolvency processes that enables her to identify practical solutions and effectively manage matters from appointment through to completion, with a particular focus on real property and receivership and mortgagee in possession matters.
Celia is dedicated to meeting the needsof a broad range of stakeholders including secured lenders, creditors,employees and suppliers.
A 23-lot residential townhousedevelopment in Victoria that was approximately 90% complete at appointment.Celia managed complex stakeholder negotiations, including resolving builderdisputes and defects, and recommencing construction. Achieved completion,subdivision registration and occupancy certification, enabling coordinated salecampaigns across off-the-plan and completed stock, resulting in realisationsexceeding $19.5 million.
A long-established freight andtransport operator with multi-state operations and a fleet of approximately 95vehicles. The voluntary administrators undertook an urgent operational andfinancial assessment, and Celia assisted with securing assets and managed thetrading of the business while pursuing a sale or restructure. Achievedsignificant recoveries through debtor collections and asset realisations,delivering value to secured lenders and priority employee creditors despite nosale or deed of company arrangement proceeding.
A restaurant and gin distillery onthe Victorian surf coast that was placed into voluntary administration. Celiaassisted with an immediate closure of the restaurant which was unviable whilethe distillery operated at a reduced capacity to sell stock. Celia managed anexpression of interest campaign that explored recapitalisation andsale options. A successful deed of company arrangement by the directors enabledrecapitalisation andreturns to priority employee and unsecured creditors.
