We’re here to help

Whether you are trading as a sole trader, through a company or a trust—there are options to deal with debt issues.

Many causes can get businesses into financial difficulty. They include poor economic conditions, adverse legal action, ATO debt issues or problems with suppliers. You may need a helping hand to reach an arrangement with your creditors, or a more formal insolvency process to rehabilitate the business through a small business restructure, a voluntary administration or wind up your business. 

Navigating the right path can be stressful – call us today to discuss your options.

Over 48 years’ experience dealing with individuals & businesses in financial distress

32 offices spread all around Australia

Plain Talk, Straight Answers & Fast Results

What is voluntary administration?

As a sole trader, bankruptcy is the formal insolvency process for this type of business structure through a liquidation process. Regardless of the type of business or type of debt issues— we guide you through the process. The voluntary administration process is designed to assist insolvent companies in dealing with their debts, by either:

 

  1. Getting a formal arrangement with creditors to pay those debts and avoid liquidation, or
  2. Placing it into liquidation, quickly and inexpensively.

 

Voluntary administration aims to maximise the company’s chances to continue by giving it the opportunity to work with its creditors (i.e., those owed money). Call us today on 1300 959 557 if you are in need of help. 

We’re here to help you find the best solution to your debt problems

Whether you are trading as a sole trader, through a company or a trust—there are options available to deal with your debt issues.

We are experts in:

  • Insolvency
  • Small business restructuring
  • Voluntary Administration
  • Turnaround Management
  • Liquidation (Simplified/Standard)
  • Director Penalty Notices
  • Statutory Demands
  • Personal Insolvency Agreements
  • Bankruptcy

Why Worrells?

We’ve been around the block, specialising in insolvency since 1973. We help all types of people and businesses in all types of financial distress across Australia.

To find the right solution for you, give us a call on 1300 959 557 to confidentially discuss your situation. We take the jargon out of what can be a complex process and offer a supportive environment during difficult times. We use Plain Talk, we give Straight Answers, and we deliver Fast Results. This means you get the right advice, that makes sense to you. 

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3 easy steps to debt relief

Book a free, no-obligation chat now

In our experience, no amount of FAQs and reading will substitute what can be gained by discussing your unique situation with a qualified professional.

We’ll guide you from start to finish

We are focused locally and resourced nationally with 32 offices across Australia so you’ll deal with a local expert who guides you through the process from start to finish.

Eliminate the hurdles of uncertainty with qualified, expert advice from the team that cares.

Why choose voluntary administration?

A voluntary administration allows voluntary administrators and directors to collaborate on a strategy to satisfy the company’s debts. People choose voluntary administration to:

  • Keep certain creditors from enforcing their claims 
  • Trade out of short-term difficulties caused by cash-flow restrictions or one-off financial problems. 
  • Provide a way to restructure a business/company to revive it to a healthier financial position.

 

We’ll help find the best option for your circumstances.

As insolvency professionals, we have a toolkit that others don’t that ensures legal action against your business stops and to pay employees their outstanding entitlements through a government scheme when the business doesn’t have the assets/funds to pay them.

What are my options?

Business debt issues can be complicated. Several factors influence the options available to you, including:

  • If the business is still trading.
  • The business structure (sole trader, partnership, company or trust).
  • The amount of debt.
  • The business assets’ value and any securities attached.
  • Any employees and their outstanding entitlements.
  • If legal action is pending.
  • The outcome you want.

More questions?

It’s natural to have lots of questions, concerns or simply needing a chat about your situation. Our FAQs section may answer some of them, but chatting confidentially with us is better.

Book a free, no-obligation chat now

In our experience, no amount of FAQs and reading will substitute what can be gained by discussing your unique situation with a qualified professional.

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My experience working with Worrells has been nothing short of amazing. I found myself in a hole after some poor decisions in the financial markets led to a large unpaid loan hanging over my head for years. I was extremely stressed out and struggling to pay the interest on this loan while also keeping a roof over my head.

From the moment Worrells answered my call they have made my life a lot easier. I could tell that from the beginning they were empathetic to my situation and that they genuinely wanted to help. We had an open and honest conversation to devise a plan so that I could move forward, debt free.

What really sets Worrells apart is the follow-up work—checking in on how things are going and always happy to answer any questions on the intricacies and legalities of insolvency with an infectious upbeat attitude.”

~ Deklan Gilmartin

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Our promise

Now’s the time to have someone in your corner—an insolvency professional who provides clarity amongst the murkiness of insolvency, stress and indecision.

We are dedicated to helping you at every step of the way to financial freedom, and we are always happy to answer your call

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Don’t live with the financial burden any longer

 

Our specialised consultants can find solutions to all types of debt problems. We can help you consolidate your payments, save thousands in interest and reduce your debt. Your debt problem can be fixed!

 

Call us today on 1300 959 557 or complete the form

FAQs

Your questions on voluntary administration answered

What is voluntary administration?

Voluntary administration allows businesses to address insolvency issues, and if possible, return it to healthy trading position. This is usually available to directors who are proactive when they see their company is in financial trouble. The voluntary administration process ensures that the business, the company’s assets and affairs are administered in a way that (among other things) maximises the chances of a business continuing to exist by a voluntary administrator taking control as if they are the company directors. The administration process takes place over an interim period, usually lasting between 20 and 30 business days

What if I’m a sole trader?

Liquidation and voluntary administration are for businesses trading through a company structure (incorporated companies and trust structures). If you are trading as a sole trader and have financial issues in the business, then your debts can be dealt with through bankruptcy or other debt solutions mechanism. Go to our or bankruptcy page to learn more.

Can I still trade my business if I am solvent?

Directors must be aware of “insolvent trading” laws that can have substantial penalties or implications. If your business is insolvent, it is best to touch base with Worrells to discuss what can be done legally to save your business and to understand what your rights and obligations are.
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