Your trusted partner in navigating financial challenges. Offering expert
solutions for businesses and individuals in financial distress.
We specialise in advising company directors during tough financial times, offering solutions like simplified debt restructuring (also known as a small business restructure), informal arrangements, debt negotiation including payment plans, voluntary administration, deeds of company arrangements and other essential business recovery strategies such as budget/cash flow projection reviews and assistance.
If you’re thinking of closing your business, we’re here to help. Whether you’re looking at solvent or insolvent liquidation options, our team has the expertise to guide you.
Unpaid company ATO PAYG, GST and Superannuation debt frequently leads to the personal liability of
company directors. This can lead to their bankruptcy. It is critical that directors of companies with
unpaid ATO debt urgently seek advice as to their options before they become personally liable.
Dive into our Director Advice Centre or schedule a free consultation with our experts to address your cash flow concerns head-on.
Expert guidance on Liquidation, Voluntary Administration (VA), Deeds of Company Arrangement (DOCA), Personal Insolvency Agreement (PIA) and Bankruptcy ensuring businesses and their corporate or personal owners resolvetheir financial obligations effectively.
Specialist services for all types of disputes and litigation matters, ensuring timely and cost-effective resolutions.
Expert solutions for qualifying businesses to navigate through challenges and restructure effectively.
Debt refinancing, restructuring and payment plan negotiations.
Trusted Leadership: As Australia’s premier debt solution firm, we’ve been helping businesses and individuals navigate financial challenges since 1990.
With affiliated offices across Australia, we’re always within reach, ready to assist.
Every financial challenge is unique, and so are our solutions. We’re here to provide the guidance and support you need.
Our team of professionals brings decades of experience in the financial sector, ensuring you receive the best advice tailored to your needs.
At Debt Distress Rescue, we understand the unique challenges faced by directors and individuals in Australia,
especially when dealing with creditors and regulatory bodies like the ATO. Debt comes in various forms, and
our expertise lies in guiding directors through these intricate financial landscapes.
Here are some common debt categories that we can help you navigate:
ATO Pay As You Go Withholding(PAYGW or PAYG)
ATO Goods and Services Tax (GST)
ATO Super Guarantee Charge (SGC) or Superannuation
ATO Income Tax
ATO Penalties and Fines
At Debt Distress Rescue, we understand the overwhelming burden that insolvency can place on individuals and businesses.
When facing financial distress, it’s crucial to partner with a reliable and experienced team to navigate through
these challenges effectively. Here’s why you should choose us for your insolvency needs in Brisbane
1
All our directors are Registered Liquidators who are registered with the Australian Securities & Investments Commission (ASIC) under the Corporations Act 2001. We recommend that financial distress advice in relation to companies is only sought from ASIC Registered Liquidators as appearing on the ASIC website at this link..
2
We recognize that financial difficulties can be emotionally taxing. That’s why we approach every client with empathy and understanding. Our team is
committed to providing a supportive environment where you can feel comfortable discussing your concerns and exploring potential solutions.
3
Transparency is at the core of our service philosophy. We maintain open and honest communication with our clients throughout the entire process,
keeping you informed every step of the way. You can trust us to provide clear explanations and guidance to help you make informed decisions.
4
Over the years, we have helped numerous individuals and businesses navigate the complexities of insolvency and emerge with a fresh financial start.
Our track record speaks for itself, demonstrating our commitment to delivering results for our clients
5
We believe that every client is unique, and there’s no one-size-fits-all approach to insolvency. Our team takes the time to assess your circumstances
thoroughly and develop personalised strategies to address your financial challenges effectively.
Is your Business Future Ready?
Use this checklist to assess the health and resilience of your business. If you find areas where your business could improve, now is the best time to seek expert advice to ensure long-term success.
We offer free, confidential advice on a preliminary basis without any cost or obligation to proceed with us. Our seasoned and understanding team stands ready to support directors and others facing debt distress across Australia.
We’re here to help and are ready to work with you. Reach out to us and we will support you and your business straight away.
Navigating insolvency can be a complex and daunting process, but at Debt Distress Rescue, we strive to
make it as straightforward and manageable as possible for our clients in Brisbane. Here’s an overview of
our comprehensive insolvency process:
Our process begins with a confidential initial consultation, during which we take the time to understand your specific financial circumstances, goals, and concerns. This consultation allows us to gather essential information to assess your situation accurately.
After gathering the necessary information, our experienced team conducts a thorough assessment and analysis of your financial situation. We examine your income, assets, liabilities, and debts to gain a comprehensive understanding of your financial position.
Based on our assessment, we develop a customised insolvency strategy tailored to your unique needs and objectives. Whether you’re an individual facing personal insolvency or a business struggling with financial difficulties, we devise a strategy designed to maximise your chances of achieving a favourable outcome.
Once the strategy is finalised and approved by you, we begin the implementation and execution phase. This may involve various actions, such as negotiating with creditors, exploring debt restructuring options, or initiating formal insolvency proceedings, depending on your specific circumstances.
Insolvency occurs when an individual or business is unable to pay their debts as they become due. Signs of insolvency may include persistent cash flow problems, mounting debts, creditor demands, and legal actions. If you’re struggling to meet your financial obligations, it’s essential to seek professional advice promptly to assess your situation and explore potential solutions.
If you’re insolvent, there are several options available to help you address your financial difficulties. These may include informal arrangements with creditors, debt negotiation and settlement, debt consolidation, formal insolvency procedures such as bankruptcy (for individuals) or liquidation (for businesses), as well as alternatives like debt agreements or personal insolvency arrangements. The most suitable option for you will depend on your specific circumstances, so it’s crucial to seek advice from a qualified insolvency practitioner.
While declaring bankruptcy involves surrendering control of your assets to a trustee, not all assets will be lost. Certain assets may be exempt from bankruptcy proceedings, such as essential household items, tools of trade, and superannuation (subject to certain limits). Additionally, the treatment of assets can vary depending on individual circumstances and applicable laws. It’s advisable to consult with a bankruptcy expert to understand how bankruptcy may affect your assets and what exemptions may apply in your case.
The duration of the insolvency process can vary significantly depending on factors such as the complexity of your financial situation, the chosen insolvency solution, and the cooperation of creditors. For example, bankruptcy for individuals typically lasts for three years, although it may be longer in certain circumstances. Corporate insolvency processes like liquidation can vary in duration, ranging from several months to several years depending on the complexity of the case and the assets involved. It’s essential to discuss the expected timeline with your insolvency practitioner to gain a clearer understanding of what to expect.
Rodgers Reidy (QLD) Pty Ltd ACN 117 655 973
Incorporated and registered in Australia.
Liability limited by a scheme approved under Professional Standards Legislation.
Facing financial challenges?
We’re here to help. Reach out for a free, confidential consultation.
support@DebtDistressRescue.com.au
Level 2A, Xile House, 181 Elizabeth Street, Brisbane Qld 4000
GPO Box 471, Brisbane Qld 4001
