Restructuring and Insolvency

Irish Bentley can help you with any insolvency issue – whether you are chasing debts, or being pursued.

We help our clients:

1. Enforce debts against property and security.
2. Understand the options available to businesses facing financial difficulty.
3. Advise on whether you are bound by a guarantee.
4. Attack statutory demands served on companies for payment of a debt (s509 of the Corporations Act).
5. Protect Directors served with a Director’s penalty notice for the company’s tax debt.

Contact us for advice on:

1. How to recover debts quickly and efficiently.
2. How to secure payment of your debt.
3. Strategies to avoid insolvency.
4. How to approach the winding up process.
5. The pros and cons of Administration.
6. The pros and cons of Liquidation.
7. How to use Deeds of Company Arrangement.
8. Possible offences committed by Directors under the Corporations Act.
9. What Directors should do to avoid prosecution.
10. What Directors should do to minimise personal liability for corporate debt – especially tax debt.
11. Whether your guarantee is binding.
12. The best administrators and liquidators to appoint to secure commercial solutions.

We also help creditors recover monies owed by companies placed into administration or liquidation, by:

1. Pursuing debtors overseas.
2. Enforcing guarantees.
3. Freezing assets held by debtors.
4. identifying and reversing uncommercial transactions so that the money can be clawed back.
5. Identifying and reversing preferential payments made so that all creditors share equally.

We also work with the directors of troubled companies to contact creditors to negotiate arrangements which avoid the need to go into liquidation or administration.Contact us as soon as possible to discuss your business and your personal exposure.

Our initial consultation fee is $300.00 (including GST), during which, we will outline your options and possible solutions.

Seek advice quickly if your business is experiencing financial difficulty.

By acting quickly, we can help collect debts due to your business, and hopefully avoid the avoid a formal appointment like liquidation or administration.

If some form of formal appointment is necessary, we can provide you with advice on the various types of appointments, and the best type for your situation.

We can arrange the appointment of an independent insolvency practitioner to the business, who can work with you to perform their duties.

We regularly perform work with many expert insolvency practitioners. We can assist you by liaising with your accountant and the insolvency practitioner to ensure a smooth transition to the appointment.

See also:
A few quick facts on voluntary administration, liquidation, and Deeds of Company Arrangement.