I can’t pay my debt
I’m owed money
My clients need help
WHAT SHOULD I DO?
BANKRUPTCY QUESTIONS?
Watch our bankruptcy video to get the answers to the FAQs
If you're struggling with personal debt—you have options that give you a fresh start.
A bankruptcy trustee can give you the right advice, and whether bankruptcy in view of other options—like a debt agreement—is the right solution for your circumstances. The last thing you'd want is to add extra stress or obligations on yourself, when bankruptcy may actually gives you the fresh start you need. Remember, bankruptcy is designed to give relief—not to punish.
LIQUIDATION QUESTIONS?
Watch our liquidation video to get the answers to the FAQs
If your company is struggling with business debt—you have options that give you a fresh start.
Worrells can give you the right advice which may include, an informal arrangement with creditors, liquidation or even a Deed of Company Arrangement. Remember, insolvency law is designed to give relief—not to punish. To find out how we can help you, act now, by answering some simple questions on our online solution finder, or give us a call.
WHICH SOLUTION BEST SUITS ME?
Please give us some quick information for us to identify your position. Your information is kept strictly confidential. You'll find our privacy policy here.
Find your solution below via the journey below.
View our 4 Step Process
1
I HAVE A MONEY / DEBT PROBLEM
2
SPEAK TO WORRELLS
3
MEET WITH WORRELLS
ABOUT WORRELLS
Worrells is a firm dedicated to solvency management, insolvency administration and forensic investigation.
We use plain talk, we give straight answers and we get fast results. Our unique systems and resources mean we leverage more experience and skill to achieve the best outcome to anyone facing insolvency. Communicating directly with partners and team members to get advice or general information is straightforward.
WHY WORRELLS?
Worrells is a well established firm having being founded in 1973. With 26 partners and over 100 staff in 25 locations across QLD, NSW, ACT, VIC, SA, and WA we draw upon broader resources and technical expertise enabling us to be focused locally while being resourced nationally.
But, why Worrells? There are 7 good reasons >
Specialist Firm
Worrells has 26 partners
Capable
We have undertaken in excess of 26,000 appoinments
Technology
We use the latest technology
Communication
Our communication procedures tell you the how, what, where and how much
Reporting
We deliver information for a living.
Costs
Our simplified solvency management rates combined with our state of the art systems provide a price competitive result.
Respect
We make sure that everyone is treated fairly, with respect and due consideration.
WHAT IS LIQUIDATION?
Liquidation is the only way to fully wind up the affairs of a company and end its existence.
A registered liquidator will dismantle the company's structure by conducting appropriate investigations and enabling a fair distribution of company assets to its creditors.
Liquidation occurs either because the company cannot pay all of its debts (i.e. it is insolvent), or its members want to voluntarily end the structure and have it struck off from the Australian Securities and Investments Commission.
WHAT IS BANKRUPTCY?
Bankruptcy is a legal process where a trustee is appointed to administer an insolvent person’s affairs, in order to provide a fair distribution of that person’s assets to their creditors. Bankruptcy is a legitimate and just way for a debtor to solve their debt problems, and it is one way for creditors to take action against someone for unpaid debts.
The Bankruptcy Act 1966 exists to protect debtors (i.e. the bankrupt) and creditors.
The debtor is protected from being pursued by creditors and, with limited exceptions, is released from their debts at the end of the bankruptcy. Bankruptcy provides a debtor with a fresh start.
Bankruptcy protects creditors’ interests by having an independent, qualified accountant control and investigate the bankrupt’s affairs, and collect and distribute the bankrupt’s assets.
Worrells Guide to Insolvency
We offer our Guides to Insolvency to help assist and inform in any role that you may find yourself in, when advising on, or contemplating an insolvency administration. Our initial advice is always available on a complimentary and confidential basis, and with respect and openness as the cornerstone of all that we do.
MY CLIENT CAN'T PAY THEIR DEBT
PARTNERING UP WITH A PROFESSIONAL ADVISOR
Commonly, it is the accountant, solicitor, or advisor that have the onerous task of discovering their client's true financial position. It doesn't end there a responsible advisor will use this information to provide options and appropriate advice that will best serve their client.
We believe we have a duty to ensure advisors and their clients are well-informed and supported on insolvency issues. We recognise that the level of dependence on advisors is understated and for this reason we believe we need to be "working together".
VIEW OUR 5 SIMPLE STEPS
View our 5 Simple Steps
1
MY CLIENT HAS A PROBLEM
3
MEET WITH WORRELLS
4
CONSIDER THE BEST OPTION FOR YOU
5
WORRELLS FINDS YOUR SOLUTION
WHY WORRELLS?
Worrells is a well established firm having being founded in 1973. With 26 partners and over 100 staff in 25 locations across QLD, NSW, ACT, VIC, SA, and WA we draw upon broader resources and technical expertise enabling us to be focused locally while being resourced nationally.
But, why Worrells? There are 7 good reasons:
Specialist Firm
Worrells has 26 partners
Capable
We have undertaken in excess of 26,000 appoinments
Technology
We use the latest technology
Communication
Our communication procedures tell you the how, what, where and how much
Reporting
We deliver information for a living.
Costs
Our simplified solvency management rates combined with our state of the art systems provide a price competitive result.
Respect
We make sure that everyone is treated fairly, with respect and due consideration.
SIGN UP TO OUR NEXT EVENT
We give complimentary seminars for advisors. Topics are presented by Worrells partners and managers, ranging from current issues impacting insolvency, insolvency case studies to business structuring commentary. We invite you and your professional colleagues to join us. Our seminars can contribute to your 'continuing professional development' programs.
Sign up for seminar invitations offered quarterly in capital cities: Brisbane, Sydney, Canberra, Melbourne, and Adelaide. Along with a range regional locations to choose from throughout the year.
Worrells Guide to Insolvency
We offer our Guides to Insolvency to help assist and inform in any role that you may find yourself in, when advising on, or contemplating an insolvency administration. Our initial advice is always available on a complimentary and confidential basis, and with respect and openness as the cornerstone of all that we do.
I'M A CREDITOR, HOW DO I GET MY MONEY BACK?
View our 4 Step Process
1
ISSUE LETTER OF DEMAND
3
ISSUE A BANKRUPTCY NOTICE / STATUTORY DEMAND
4
FILE AN APPLICATION
Worrells Guide to Insolvency
We offer our Guides to Insolvency to help assist and inform in any role that you may find yourself in, when advising on, or contemplating an insolvency administration. Our initial advice is always available on a complimentary and confidential basis, and with respect and openness as the cornerstone of all that we do.