Australian insolvency regimes such as Voluntary Administration (VA) and Small Business Restructuring (SBR) are designed to help viable businesses survive.
These processes often lead to better outcomes than continuing to trade while insolvent.
When it comes to corporate insolvency, the distinction between receivership and liquidation often comes down to who initiated the process and what the ultimate goal is for the company’s assets. While both involve external controllers, they serve very different purposes. Learn more below.
Seeking help early is not a failure—it’s a responsible step. Financial distress does not define you, and it doesn’t mean you’ve done something wrong.
Our role is to help reduce stress, stop the pressure, and work toward the best possible outcome for your circumstances.
Lets protect what you’ve built and plan for future growth.
Wherever you are in your business lifecycle, Jirsch Sutherland’s specialist advisory and accounting support will help you and your team get to the next level.
You don’t need to have all the answers before speaking with us. As specialist advisors to professional advisors, our initial discussions are about understanding your client’s unique situation.
We’ll answer questions plainly, helping you and your client see a path forward—whether that’s recovery, restructuring, or an orderly resolution.
Many capable business owners experience financial distress due to factors outside their control.
We understand how overwhelming this can feel, and our role is to help you regain clarity, protect what matters most, and explore practical options forward.
We understand that sometimes you’ll have the unfortunate position of being a creditor who is owed outstanding debts.
We work with creditors and debtors to find an amicable path forward to repair financial relationships and recover value as necessary that makes sense for both parties involved.
Financial hardship can happen to anyone. Job loss, illness, family breakdown, or unexpected events can quickly put pressure on even the most careful plans.
We provide a safe, respectful space to discuss your situation and help you understand the options available to ease that burden and move forward.
Voluntary Administration in Australia: A Comprehensive Guide to Corporate Insolvency Options When a business in Australia faces serious financial trouble, directors have several options to consider. Voluntary administration is a legal process that allows an...
Personal Insolvency Agreements (Part X): A Comprehensive Guide to Debt Solutions in Australia When debt becomes overwhelming, many Australians search for alternatives to bankruptcy that offer more flexibility and control. A Part X personal insolvency...
22 April, 2020
9 April, 2020
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