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…
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