We're thrilled to invite you to an afternoon of celebration and some CPD hours!
Join us for an informative seminar on Options for Insolvent Businesses at Newcastle Club on Wednesday, 30 August from 12:30 PM.
Following the seminar, we'll host a grand opening celebration with drinks and canapes from 2:30 PM. This is a fantastic opportunity to network, chat with Worrells principals and managers, and enjoy delicious refreshments.
Don't miss this chance to learn, connect, and celebrate with us.
In this seminar, our Principal Hayden Asper will take you through some options available for business owners who want to shut down a venture they have poured their heart into when facing financial distress. By its nature, “restructuring” is a give-and-take process where those owed money are asked to compromise their debts for what ideally is a greater net benefit to themselves and others.
Hayden will explore how restructuring laws can be used to save struggling businesses and discuss common restructuring strategies such as:
· Small Business Restructuring Process,
· Voluntary Administration,
· Liquidation, and
· Phoenixing,
while focusing on real-world applications by examining when certain processes are more effective than others and discuss the risks and pitfalls of restructuring in general.
Given the recent rise in insolvencies and economic challenges, he will provide valuable insights into what is and is not possible when it comes to guiding a struggling business toward a new beginning.
We look forward to seeing you at our upcoming lunch seminar and grand opening of our Newcastle office.
Worrells seminars are complimentary; attendees receive a 1-hour CPD/CPE certificate. Attendees should verify with their professional development program if this topic qualifies.
