Australia

There are a number of formal and informal options to address company insolvency and we can advise and assist you in each of these.

While informal insolvency options are covered through our other services, below are the appointments we can undertake:

  • Voluntary AdministratorAdministration, Liquidation, Deed of Company Arrangement or a Liquidator, and Bankruptcy Trustee sought by the directors, or creditors or sometimes shareholders of a company
  • Receivership or Manager sought be a secured creditor, director or concerned stakeholder
  • Statutory Trustee (66G of the Conveyancing Act 1919), or
  • We can assist when the director of a solvent company wishes to liquidate via a Member’s Voluntary Liquidation when a solvent company wishes to appoint a liquidator.

Formal insolvency options can sometimes be seen as a last resort in times of financial distress and we explore all other available options before recommending such an approach. But an effectively planned, managed and executed external administration can, in the right circumstances, provide significant relief and opportunity for revival in times of financial distress.

Formal insolvency appointments Specialists

Latest insights from our Restructuring & Insolvency team

Canberra to consult on the treatment of corporate trusts under insolvency law
24 November 2021 | Minutes to read: 2

Canberra to consult on the treatment of corporate trusts under insolvency law

Australia’s current insolvency law does not clearly address the treatment of corporate trusts which are commonly used...
Directors beware – or face potential criminal charges and ASIC banning orders
11 November 2021 | Minutes to read: 3

Directors beware – or face potential criminal charges and ASIC banning orders

In a strong warning to company directors over the past four weeks, Australia’s corporate watchdog has issued...
Are your directors ready to apply for their Director Identification Numbers?
2 November 2021 | Minutes to read: 3

Are your directors ready to apply for their Director Identification Numbers?

As a CFO, regulatory and risk management responsibilities are an increasing focus, with Boards relying on you...
Safe harbour review: ARITA’s recommendations
20 October 2021 | Minutes to read: 3

Safe harbour review: ARITA’s recommendations

In response to Treasurer Frydenberg’s announcement in May of the government’s intentions to reform Australia’s insolvency framework...
How to detect and prevent employee fraud in the ‘new normal’
23 August 2021 | Minutes to read: 5

How to detect and prevent employee fraud in the ‘new normal’

This article is authored by Cameron Johnstone, Dominic Molluso and Sean Wengel. Employee fraud is all too...
ASIC bans send warning to directors
10 February 2021 | Minutes to read: 2

ASIC bans send warning to directors

The first few weeks of February 2021 saw the Australian Securities and Investments Commission (ASIC) disqualify three...

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