A chance to renegotiate debts and save viable businesses.
Insolvency remains one of the most misunderstood and misrepresented areas of law and accounting. Too often, it is seen only as a final resort, when all other avenues have been exhausted.
In reality, engaging an insolvency practitioner early can open doors to restructure debt, protect assets, and preserve value. For accountants and lawyers, understanding the broader role of insolvency professionals means more options – and better outcomes – for clients in distress.
How insolvency practitioners can create value for clients
Early warning signs
Helping accountants and lawyers recognise financial distress early on so that clients retain the widest range of options.
Restructuring pathways
Explaining voluntary administration, safe harbour, and informal workouts to protect value and explore alternatives to liquidation.
Personal insolvency support
Guidance on bankruptcy and alternatives such as debt agreements or personal insolvency agreements – creating options for individuals and, in some cases, supporting corporate matters.
Negotiations with creditors
Drawing on specialist experience to manage creditor demands, reduce pressure, and create breathing space for clients.
Independent assessments
Providing objective reviews of financial position, with a focus on the commercial viability of the business.
Business turnaround
Working to stabilise operations, preserve jobs, and restore confidence where recovery is achievable.
The takeaway for accountants and lawyers
For advisors, early engagement with an insolvency professional can preserve options and deliver better outcomes for clients. Even in a liquidation scenario, an insolvency professional can provide clarity on the risk of personal liability and ensure an exit strategy that minimises loss for stakeholders.
We are here to help
If one of your clients is experiencing financial distress, speak to a trusted insolvency professional today. We’re here to help you navigate your options with confidentiality and care.
+61 2 9251 5222
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