Pitcher Partners
 
 

 
 






Business Recovery and Insolvency Services
An overview of the Business Recovery and Insolvency Division

Your client is in financial distress. He or she requires quick expert advice in respect of all options available. Our Business Recovery and Insolvency Services Division has experts in the field of insolvency. We have a practical, commercial and results-oriented approach that will provide your client with the best possible solution.

Your client is affected by someone else's insolvency. A tenant goes into Administration. A Liquidator demands the return of a payment made. Your supplier is bankrupt. We have the experience to help you and your clients get the best results out of an insolvency related situation.

Your client is insolvent. If your client is insolvent, your client will need to make formal appointments of qualified and legally accredited Insolvency Practitioners to their business or to their personal estates. We have experienced and legally qualified Administrators, Receivers, Liquidators and Trustees in Bankruptcy to accept appointments.

Pitcher Partners has developed a reputation for providing organisations with a range of Business Recovery and Insolvency services that are successful in achieving maximum results.

The following Business Recovery and Insolvency services have been identified specifically for our CPN members.

Corporate Insolvency

If your client operates through a corporate vehicle and is insolvent, you will need to consider recommending a formal appointment over your clients' business. The Insolvency of a corporate business is a difficult and distressing period for business owners. Pitcher Partners has the resources and expertise to help you when your business is in difficulty. We can work through a Voluntary Administration to get the best results for all parties and possibly avoid eventual Liquidation. Where Liquidation cannot be avoided, Pitcher Partners' experience can deliver maximum returns to all stakeholders. We can help all involved maintain some level of personal sanity and achieve the best results when working through Creditors Voluntary Liquidations, Provisional Liquidations and Receiverships.

Personal Insolvency

If your client is facing personal insolvency, you will need to consider recommending a formal appointment over his or her personal estate. Pitcher Partners' focus on mid sized businesses means we have regular experience with a large number of people who for one reason or another have found themselves in financial difficulty. We have a depth of experience and expertise in helping professionals and business people work through Personal Insolvency Agreements (formerly Part X arrangements) to avoid bankruptcy. We understand the business, family and personal issues involved and plan and negotiate the situation as calmly and effectively as possible. Pitcher Partners can also help make the best of a difficult situation with bankruptcies and debt agreements ensuring we maximise the results for all stakeholders.

Asset Preservation and Risk Review

Your clients have been working hard in their businesses to leave them financially secure. We can help review risks and implement a plan to protect your clients' hard earned assets.

Solvency Assessments

If you need to show the solvency or insolvency of a business, you can turn to us for expert help.

Pitcher Partners has experts who can find out the answers and help you and your clients win their day in Court. Our expert witnesses are not just experts in their field, but also have valuable understanding of Court procedures and their role in the litigation process.

The Liquidation of Solvent Companies

Even in profitable businesses, there comes a time when the corporate shell in which the business or assets are owned has outlived its useful life. Pitcher Partners can help owners (members) resolve issues, realise the assets and distribute the proceeds back to the shareholders through Members' Voluntary Liquidation.

Often, there may be complex tax consequences to shareholders in this process and at Pitcher Partners we have the resources of highly skilled tax professionals to ensure your client's tax exposure is minimised.

The costs of undertaking an assignment of this nature can be quoted on a "fixed fee" basis.

Workouts and Monitoring

It is essential your clients have a proper and practical plan in working out of a difficult situation. By working through it with you and your clients, Pitcher Partners can help establish sound foundations for the business future. At Pitcher Partners, Business Recovery is not just about turning companies back from the brink of insolvency, but identifying and resolving the cause of difficulty so we can turn a company around long before it reaches the edge. Whatever the cause of the difficulty, we can help you and your clients resolve it.

Debt and Finance Negotiation

The stress of having a business in financial difficulty is not made any easier by having to deal with banks and financiers. We are experienced negotiators with banks and service providers and can help give comfort that you and your clients have the situation in hand.

Insolvency industry advice and consultation

Insolvency is an issue that can affect your clients' businesses even if their businesses are financially healthy. It may be a key debtor or supplier who is insolvent or approaching insolvency. It may be a tenant who becomes insolvent. It may be a competitor who becomes insolvent. Your client may have received a letter from a liquidator requesting funds to be disgorged as an unfair preference. Pitcher Partners can help you manage the situation to your clients' best advantage.

Independent Accountants Reports

Pitcher Partners can provide fast, accurate, independent reports on your client's financial status. We rarely experience conflict and so the entire resources of the Firm are at our disposal.

Debt Recovery

We are able to consent to act as liquidators or trustees in bankruptcy if your clients intend to issue winding up proceedings against a company, or bankrupting an individual.

Dispute Resolution

On occasions where a dispute in a company reaches an impasse, your clients may wish to appoint a provisional liquidator or a receiver to act as an independent party to resolve matters. We at Pitcher Partners have a proven track record in successfully mediating difficult and complex issues, and we adopt a professional, calm and results oriented manner to resolve such difficult matters.


M E L B O U R N E S Y D N E Y P E R T H A D E L A I D E B R I S B A N E

Pitcher Partners, including Johnston Rorke, is an association of independent firms
An independent member of Baker Tilly International
Liability limited by a scheme approved under Professional Standards Legislation
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