Australia

Confidential Client – Restructuring / Safe Harbour Advisor

Appointed as Safe Harbour Advisor to the directors of this struggling retail business with annual revenues of about $100 million. Using our expertise and industry knowledge we assisted the directors to navigate through the Safe Harbour legislation to minimise the directors’ personal liability for insolvent trading.

Concurrently the William Buck Business Advisory team worked with management of the company on the restructure, including assisting with preparation of budgets, cash flow forecasts and a daily 13 week cash flow model, which was used to manage and control purchasing, and accounts payable management.

In addition, the William Buck Corporate Advisory team was approached to explore a sale mandate for the company.

Confidential Client – Restructuring / Safe Harbour Advisor

Appointed as Safe Harbour Advisor to the directors of this national not-for-profit organisation. Using our expertise and knowledge we were able to navigate the directors through the Safe Harbour legislation thereby minimising the directors’ personal liability for insolvent trading. We have continued to work with the board of directors to ensure Safe Harbour protections are in place whilst the medium-term restructuring and workout strategy is implemented.

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Restructuring Experience​ Specialists

Latest insights from our Restructuring & Insolvency team

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...
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...
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...
19 January 2021 | Minutes to read: 3

New process gives struggling business’s a chance at survival

Reforms to Australia’s insolvency framework have now taken effect for eligible businesses with liabilities of less than...
24 September 2020 | Minutes to read: < 1

Canberra announces huge reforms to insolvency laws – here’s what we expect

Canberra has announced the most significant reforms to insolvency laws in decades, applicable for companies with debts...
10 June 2020 | Minutes to read: 2

William Buck Restructuring & Insolvency completes sale of MyHouse retail business

Michael Brereton and Sean Wengel, the administrators of MyHouse, have successfully completed the sale of the MyHouse...

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