We’ll navigate the tough times for you
Now’s the time to have someone in your corner – an advisor who provides clarity amongst the murkiness of insolvency, stress and indecision.
Approved small business restructuring practitioners.
Worrells is available Australia wide
Fast, cost effective options
Registered liquidators. Registered bankruptcy trustees.
Who we help
The ongoing COVID-19 economic environment is both tough and confusing for many businesses and the government made changes to allow your company to restructure debt more easily to weather the storm (and stay in control of your company).
Background
Liquidation is the process of winding up a company’s financial affairs, dismantling its structure, and fairly distributing its assets to creditors. In a simplified liquidation, the investigations and process are scaled to suit the company’s size and circumstances.
Liquidation occurs either because the company cannot pay its debts as they fall due (i.e. it is insolvent) or because its members wish to formally end the company’s existence and have it removed from ASIC’s register.
Once appointed, we take control of the company and its obligations allowing directors to step back, hand over the stress of dealing with creditors, and focus on moving forward.
Our guides help people and their advisors make clear decisions on financial challenges, covering options like restructuring, liquidation and bankruptcy.
If things are too tough and you need to close, the new legislation changes make it more straight forward for businesses to wind up, with less costs.
OPTION 01
Helping you look at your company debts & negotiating an easier pay back plan
On your behalf, dealing with creditors to agree on delayed payments, reduced payments or debt
Working with the ATO to negotiate a payment plan that buys you breathing space to rebuild
OPTION 02
A lower cost option than the standard liquidation
A faster way to wind up your company with less burden on you, the owner
More certainty in the liquidation process, giving you assurance before you go ahead with simplified liquidation
Eliminate the hurdles of uncertainty with qualified, expert advice from the team that care.
1
Organise a call or meeting with one of our partners
2
Share your info (and burden) with us so we can assess your situation
3
Say goodbye to that weight on your shoulders
When we can help
Business owners are a tough breed and independent by nature, so that makes it difficult when deciding you might need a helping hand to change your situation.
There’s some critical signs that you should look out for.
5 signals that indicate business stress
We’ve been around the block, specialising in insolvency since 1973. It’s what we live and breathe every day. We take the jargon out of what can be a complex process and offer a supportive environment during difficult times.
Leveraging the new small business restructuring plan solution is best considered by experienced insolvency practitioners.
Approved small business restructuring practitioners.
Worrells is available Australia wide
Fast, cost effective options
Registered liquidators. Registered bankruptcy trustees.
We’ll take the lead, so you can focus on your business.
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Contact
It’s natural to have lots of questions, concerns or are simply needing a chat about your situation.
It’s easy to get in touch with one of our experts who are here to help during these tough times.
Get in touch
Health
Facing financial distress is a crushing experience that creates hardship on a personal level. It’s not easy.
Be aware and proactive about your mental health, so you can get out the other side of these challenges.
Ask for help if you need it.
Chat to your doctor or reach out to the following organisations if you are in urgent need of help.
We speak with people every day as complimentary and without expectation
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