Companies can face insolvency for a number of different reasons not all of which need be fatal to the business.

When the underlying business is still viable, options usually exist to restructure the business via a new entity.  But don’t delay, the sooner you act the better off you will be.

Overview

If your business is suffering financial hardship or insolvency because of the collapse of a major customer, litigation or poor planning or management, the timely implementation of restructuring strategies will give the business a second chance at success and reduce the risk of personal liability.

The earlier you act, the greater the prospects of a successful restructure.  Don’t wait  until you receive one of the following to discuss your options:

  • Statement of Claim,
  • Statutory Demand,
  • Notice for a Secured Creditor, or
  • ATO Director Penalty Notice.

Call now to discuss your options with an expert Insolvency & Restructuring Lawyer

1300 553 343

Find out how to protect your business and personal assets today.

Every situation is different and careful consideration and planning is required to achieve a second chance for a business and/or to reduce personal exposure and protect non-business assets.

How We Help

Our experienced Insolvency & Restructuring Lawyers will provide you with advice and assist your business to deal with the consequent of insolvency or financial hardship.

We assist clients by evaluating the company and director’s financial circumstances and assessing and implementing strategies to address or minimise the implications of insolvency.

Our Lawyers will work closely with your Accountant and local Insolvency Practitioners, where necessary, to ensure the best outcome is always achieved.

Insolvency & Restructuring Options

We can provide timely advice and assist with:

  • Asset Sale and Restructuring Agreements.
  • Business Licence and Option Agreements.
  • Voluntary Administrations.
  • Deeds of Company Agreements.
  • Liquidations.

Call now to discuss your options with an expert Insolvency & Restructuring Lawyer

1300 553 343

Business & Company
27/03/2018 by Sam Roberts

Safe Harbour & Directors’ Liability for Insolvent Trading

On 19 September 2017 amendments, to the Corporations Act 2001 commenced which create a “safe harbour” for Directors to protect them from personal liability for debts incurred by an insolvent company in certain circumstances. Why the need for Safe Harbour Prior to the amendments, the provisions of the Corporations Act governing corporate insolvency focused on the need […]

Business & Company
13/02/2018 by Sam Roberts

Statutory Demands and Proving Insolvency when Winding Up a Company

The appointment of a Liquidator to wind up a Company that is unable to pay its debts is a significant enforcement option and equivalent with Bankruptcy for individuals. The appointment of a Liquidator means that all assets of the Company come under the control of the Liquidator including any loans owing from Directors or Shareholders […]

View all articles

Testimonials

You amazed us with your energy and knowledge, you are a champion.

I would like to thank you and your team for assisting myself and Andrew with the restructure.  You amazed us with your energy and knowledge, you are a champion.

After working with others it is refreshing to have you on our side.  Thanks also from all our staff for assisting in securing their future.

Paul Barwick, Director.

MCA Engineering


No nonsense commercial approach to getting the right result.

“No nonsense commercial approach to getting the right result.”

Bradd Morelli, Jirsch Sutherland & Co


The quality of advice and results achieved have been greater than I originally expected.

“Sam Roberts has assisted our Company in relation to a range of issues relating to a large Property Development. The quality of advice and results achieved have been greater than I originally expected when our Company first made the move to Roberts Legal.”

TIA Properties Pty Limited


I was very happy with the advice regarding insolvency issues for my company and options for my wife and I in relation to bankruptcy and alternatives.

“I was referred to Sam Roberts for advice due to the dire financial situation my wife and I found ourselves in as a result of the failure of our business and pressure from our Franchisor. I was very happy with the advice regarding insolvency issues for my company and options for my wife and I in relation to bankruptcy and alternatives. Sam was very professional and his advice was practical, clear and easy to understand. I was absolutely satisfied with the level of service and communication.”

Anonymous


We needed full finger on the pulse service and they delivered every time.

“I found the service and constant updates to be very personal, Sam and his team understood that during our tough time we needed full finger on the pulse service and they delivered every time. Since then we have used them on more than on occasion and can only commend them on their fast and friendly service.”

Andrew (Sid) Sinclair – Sid’s Automotive & Offroad