We are an independent boutique advisory firm specialising in restructuring of corporates and individuals who are experiencing
financial distress.
We support and engage closely with existing accounting and legal advisers in order to achieve the best results for all stakeholders in circumstances of financial hardship.
We welcome the opportunity to discuss our cost effective and tailored solutions with your accounting or legal advisors, or directly with you.
Armed with a suite of available strategies, we develop a financial restructuring plan and propose mechanisms, supported by a legal framework, which minimise the impact on the key stakeholders involved and provides for optimal outcomes.
Voluntary Administration provides for a flexible mechanism to restructure an organisation with the general view of continuing trade. In
doing so, the future of the organization and all key stakeholders, including creditors and employees, are considered within the
restructuring plan to ensure the greatest benefit to all.
Personal Insolvency Agreements (PIA) under Part X of the Bankruptcy Act 1966 provide a structure where Debtors can formulate a PIA proposal,
for creditors’ consideration, as a mechanism to avoid bankruptcy. These arrangements are initiated with the assistance of a Registered
Trustee, acting in the capacity as a Controlling Trustee.
Dealing with Bill & the team was as pleasant as one would hope for in an unpleasant circumstance that I found myself in as a tradie in early 2017.
Bill gave me a tonne of time & patience throughout the process. He restored confidence in me & my life & yes I was in a dark place. He really did restore my willingness to go on.
Life is certainly better, I have my life back on track, I see my children more, my anxiety & stress has gone & yes Bill I agree; should have done it sooner. Thank you.
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Director Penalties (DPN's) and Deregistered Companies
A warning highlighting some particular problems relating to Director personal liability for unpaid taxes and Superannuation in cases where a Company has been deregistered. Read More…
Frequently Asked Questions - Small Business Restructuring ("SBR")
Answers to some FAQ's about the Small Business Restructuring ("SBR") process - an increasingly effective and popular way of dealing with small business in distress... Read More…
Troubled times for the Construction Industry
More and more construction related business are entering into Insolvency. What is going on and what can you do to protect yourself...? Read More…
Are you interested in a rewarding career in Insolvency? We are looking for energetic people to join our growing in team in Brisbane and the Gold Coast. Read on for more details... Read More…
Falling Bankruptcy Numbers – Is this the era for “Doing Deals” to solve financial distress..?
Bankruptcy numbers are at record lows and less than half of the 10-year average level! What does this mean and how might this impact individuals currently suffering financial distress at a time of high debt, high inflation and rising interest rates...? Read More…
Small Business Restructuring - How is the process going...?
The new Small Business Restructure (SBR) process has been introduced to the Australian corporate landscape, and we blogged on the topic back
in February 2021.
A bit of water has passed under the bridge, and the facts are, despite a few problems areas, SBR’s are now being done in increasing volumes
and are successfully helping small businesses negotiate with their creditors and offer a lifeline to allow business survival.
So it is worth remembering, what is an SBR? and when are they a viable option to deal with financial distress for small business…?
Read More…
What is wrong with allowing the deregistration of your defunct company...?
Deregistration (whether by ASIC or voluntary by Directors) of a company which still has a debt to the ATO can be a very risky step for the Company Directors... Read More…
What should I do about overdue ATO debts…?
The ATO is currently firing up its recovery tools to collect over $55 Billion in unpaid taxes that have accumulated over the period of the pandemic! What should an individual or director of a company do if you have accumulated a debt and now can't repay it? Read More…
Director Alert – Director ID’s are here…
Hear about the new Director Identification Number regime now introduced into Law. Deadlines are now in place for all directors to become registered... Read More…
Beware the ATO DPN! (Director Penalty Notice)
One of the most powerful tools in the ATO debt collection arsenal - a DPN. Will make a company Director personally liable for the company's
PAYG, GST and Super debts.
What are they and what to do if you receive one....
Read More…
Small Business Restructuring. What the...?
A new Insolvency regime and related laws are now in place to supposedly help deal with the crisis resulting from the financial impact of Covid-19. So what is this new Small Business Restructuring option? and will it work...?? Read More…
Covid Crisis – A need for Personal Insolvency Reform…?
Has the current Covid Crisis created a need for Personal Insolvency Reform to help individuals in small business likely to fail as the economic crunch bites....? Read More…
Business Reconstruction Post Covid-19
Read on to hear how the insolvency reconstruction regimes can be used to help viable businesses survive through the Covid-19 crisis and during the downturn to follow. Read More…
Insolvent Trading Pre and Post COVID-19
Director(s) may not be able to rely on the safe harbour for temporary relief for financially distressed businesses (insolvent trading) if the company had been trading insolvent pre 24 March 2020 Read More…
ASIC Reminds Director’s Duties Still Apply Despite COVID-19
ASIC has reminded Directors and other stakeholders faced with COVID-19 that the safe harbour granting temporary relief for financially distressed businesses (Insolvent Trading provisions) does not extend to relief from statutory and common law directors duties (duty to act with care and diligence, act in good faith, not to use a director’s position or information obtained as a director to gain an advantage or cause detriment to the company) Read More…
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