Your client is in financial distress. He or she requires quick expert advice in respect of all options available. Our Business Recovery & Insolvency Services division have insolvency experts with a practical, commercial and results orientated approach. We 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 and Liquidators to accept appointments.

We have developed a reputation for providing organisations with a range of Business Recovery & Insolvency Services that are successful in achieving maximum results.

Asset protection and risk management programme

Your clients have been working hard in their businesses to leave them financially secure. We can review risks, develop 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.

We have 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.

We can also provide a solvency assessment of transactions undertaken by individuals at risk from a possible future bankruptcy event. A positive solvency assessment, if applicable, may protect a transaction from a future Trustee.

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. We can help owners (members) resolve issues, realise the assets and distribute the proceeds back to the shareholders through Members' Voluntary Liquidation.

In relation to Members Voluntary Liquidations, the costs of conducting this assignment start from $5,500 (including GST) for non-complex assignments. These costs however include disbursements (which largely comprise advertising costs). The BRIS division does not provide tax advice or lodge any tax returns and we rely on the resources drawn from the firm's tax division to complete such tasks if required. We have the resources of highly skilled tax professionals to ensure your client's tax exposure is minimised. The costs of any tax involvement will be an additional charge and such costs will be negotiated with you prior to the commencement of any work.

Workouts and monitoring

It is essential that your clients have a proper and practical plan in working through a difficult situation. By working through it with you and your clients, we can help establish sound foundations for the business future. We believe that business recovery is not just about turning companies back from the brink of insolvency, but is about identifying and resolving the difficulties 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. We 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. We can help you manage the situation to your clients' best advantage.

Independent accountants' reports

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

Debt recovery

David Young and Anthony Elkerton, Partners in the Business Recovery & Insolvency Services Division are Official Liquidators and are skilled and experienced practitioners. They are able to consent to act as liquidator, if your clients intend to issue winding up proceedings against a company.

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 have a proven track record in successfully mediating difficult and complex issues. We adopt a professional, calm and results oriented approach to resolve such difficult matters.

Where joint owners of property are unable to agree on the sale of real property or the method of sale, we are experienced in acting as Trustees pursuant to Section 66G of the Conveyancing Act. This allows us to take control of the property sell it and distribute the funds in accordance with relevant court orders.

Corporate Insolvency

In the event an informal solution cannot be achieved and your client operates through a corporate vehicle and is insolvent, you will need to consider recommending a formal appointment over your client's business. The insolvency of a corporate business is a difficult and distressing period for business owners. We have the resources and expertise to help when your client's 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, our experience can help 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