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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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…
Corona-virus health crisis introduces flexibility in insolvency laws
As you may already know, a number of announcements were made by the Prime Minister, Scott Morrison, including some important temporary changes in insolvency laws that are aimed to assist individuals and business to survive during the current Coronavirus Crisis. Read More…
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