Corporate insolvency

The appointment of a liquidator by the court or your directors will relieve your leadership team of their responsibilities when it comes to dealing with the business’s affairs. Our team will manage the termination of business operations, the sale of business assets and the collection of receivables. We deal with creditor claims and communications, facilitate the payment of employee entitlements, and distribute funds created or raised during the liquidation - all while ensuring you and your stakeholders are treated fairly. 

During receiverships, we primarily focus on recovering money for your secured creditors by taking control of specific assets (often those pledged as security); we manage, sell or operate these assets to pay back the secured debt. Depending on the situation, this means we only oversee specific assets and your directors retain control over the remaining assets and operations not affected by the receivership. Our aim is always to maximise asset value, preserve business continuity, protect jobs, and ensure efficient recovery—whether through business restructuring or sale as a going concern.  

If you or a secured creditor feels your business is insolvent or at risk of insolvency, you can opt to voluntarily appoint an independent administrator to assess the organisation’s financial situation. Voluntary administration will give you temporary protection from creditors while we determine whether your business can be restructured or wound up, or if there are other potential options to avoid liquidation. We will hold meetings with creditors who will vote on the options available or proceed to liquidation. We will then act in the creditors’ best interests to achieve the best possible outcome for them.