Corporate Insolvency

Corporate Insolvency

Pearce & Heers Insolvency Accountants specialise in providing advice and assistance to insolvent companies and company directors. We provide a full range of formal and informal corporate insolvency services, including administering and assisting with the following:

Creditors’ Voluntary Liquidations

The directors and shareholders of a company which cannot pay its debts may voluntarily appoint a liquidator to the company. We specialise in providing advice regarding and administering creditors’ voluntary liquidations.

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Voluntary Administrations and Deeds of Company Arrangement

A company’s directors can appoint an administrator to the company and put forward a proposal for a Deed of Company Arrangement to compromise creditors’ debts and avoid liquidation. We specialise in administering voluntary administrations and Deeds of Company Arrangement.

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Court-Appointed Liquidations

A creditor who is owed over $2,000 can apply to Court to have a liquidator appointed to an insolvent company. We administer numerous court-appointed liquidations each year.

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Receiverships

A creditor with security over a company or its assets can (likely) appoint a Receiver to the company to collect and sell the assets which are subject to the creditor’s security.

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Informal Arrangements and Settlements

We assist companies settle debts which they owe or legal claims against them which they cannot pay. If successful, this results in a company avoiding liquidation or voluntary administration.

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Negotiations with the ATO

We have assisted numerous company directors negotiate payment arrangements with the ATO, including in circumstances where the ATO has initially refused further payment arrangements prior to our involvement.

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Turnaround

We provide advice, guidance and assistance to company directors in respect of strategies which can be implemented to turnaround a company’s business so that it may trade profitably in the future.

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General Advice and Assistance

We have assisted numerous company directors negotiate payment arrangements with the ATO, including in circumstances where the ATO has initially refused further payment arrangements prior to our involvement.

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If you would like to obtain further information in respect of your company’s financial circumstances, please contact our Brisbane or Gold Coast office and our experienced staff will be able to assist you.