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 Formal insolvency appointments team

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...
24 April 2020 | Minutes to read: < 1

Federal Court approves William Buck’s application to extend MyHouse convening period

William Buck Restructuring & Insolvency have obtained orders from the Federal Court to extend the convening period...
24 March 2020 | Minutes to read: < 1

Urgent expressions of interest | MyHouse

MyHouse (Aust) Pty Limited (Administrators Appointed) "MyHouse" Michael Brereton and Sean Wengel as administrators of MyHouse seek...

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