Are you facing
Any Of These Challenges?
If your company is insolvent or near-insolvent, you may be facing some of these challenges. Our team is familiar with all of them and how to address them.
Insolvent Trading
Incurring new debts while the company is insolvent can result in personal liability. This is a significant concern for directors. Chat with our team to discuss your unique circumstances.
Tax Debt
The ATO is the largest creditor for most businesses. While they can be lenient and tend to be open to payment arrangements, they also have special legal powers that can make you personally liable for tax debts.
Director Penalty Notice
A Director Penalty Notice can make you personally liable for several kinds of tax debt. If you’ve received one it’s important to act quickly to avoid personal liability.
Cashflow Problems
Incurring new debts while the company is insolvent can result in personal liability. This is a significant concern for directors. Chat with our team to discuss your unique circumstances.
Statutory Demand
The ATO is the largest creditor for most businesses. While they can be lenient and tend to be open to payment arrangements, they also have special legal powers that can make you personally liable for tax debts.
PAYG/Superannuation Debt
A Director Penalty Notice can make you personally liable for several kinds of tax debt. If you’ve received one it’s important to act quickly to avoid personal liability.
Why Contact
Dissolve?
You’re not alone in facing the challenges of insolvency. We speak with directors every day who come to us with a range of complex and unique circumstances.
The good news is that you have options. You don’t have to just keep plodding on hoping things will turn around. Australian law is equipped with many tools for businesses facing insolvency. From the less drastic solutions like informal restructuring, to more formal appointments, to outright liquidation, there are solutions available that can help you come out of this challenging period.
What makes us different from other insolvency advisors is that our goal is to help you figure out what the least drastic solution is. Many of the insolvency practitioners you deal with may face conflicts of interest – they are financially incentivised to recommend more drastic solutions to you. But when you call us to discuss your business circumstances, our advice is genuine.
In many of the calls we receive from companies struggling with insolvency, we are able to recommend less drastic solutions than what they’ve heard elsewhere.
Our Solutions
Our primary service to you is our corporate advisory hotline. You can call us for advice and we can talk you through your options. We also have sister companies that are flexible to assist in the event that you wish to move forward with any particular solution:
Business Advisory Hotline
We’ve run a free business advisory hotline for over a decade. We receive multiple calls from businesses struggling with insolvency every day. We offer a free initial consultation, and further consultation if needed afterwards.
Debt Solutions
Many businesses facing insolvency struggle to overcome large quantities of debt to various creditors. There are ways to navigate this! Debts can be renegotiated, payment arrangements created or in special circumstances you can obtain a “haircut”.
Company Restructuring
A number of formal and informal company restructuring options exist. Formal appointments give breathing room to directors and can prevent creditors from pursuing debts during appointment. Informal appointments can be flexible and applicable to less drastic situations.
Company Liquidation
Incurring new debts while the company is insolvent can result in personal liability. This is a significant concern for directors. Chat with our team to discuss your unique circumstances.
*for a free 30 minute call to discuss your circumstances
Expert Reports
A Director Penalty Notice can make you personally liable for several kinds of tax debt. If you’ve received one it’s important to act quickly to avoid personal liability.
The Advice Dilemma!
The problem with finding good insolvency advice
The world of insolvency advice is replete with untrustworthy and unqualified advisors. If you call them, you’ll find that they will likely conclude that the best solution for your problem happens to be the service that company provides:
Unqualified pre-insolvency advisors may promise that they’ll “look after you” then propose an illegal asset strip;
Liquidators will advise that liquidation or voluntary administration is best;
Lawyers will advise that you need (expensive) representation;
Tax Accountants will suggest you appoint them as your Tax Agent.
So What’s Next?
How to get advice
As a first step, call us at our Advisory Hotline where you will find one of our highly qualified Senior Advisors who will listen to your problem and may be able to resolve the issue for you immediately. If not, the Advisor will refer you to the business unit that will provide you with the ‘best fit solution’.
Free telephone advice
We’ll be happy to meet with you
If you prefer, email us and explain your situation
Our Key Credentials
Our professional memberships
Charted Accountants
CAs in-house
Association of Independent
Insolvency Practitioners
Board Member in-house
Turnaround Management Association
Members in-house
Australian Restructuring Insolvency & Turnaround Association
Members in-house
Contact Us
Please either give us a call or submit the form and we will get back to you.
