When a company is unable to pay its debts as and when they fall due, the company may be insolvent.
Corporate Insolvency is commonly referred to by the general public as Business Bankruptcy or Company Bankruptcy. Regardless of the terms used, we provide solutions for corporates that are experiencing financial pressures.
Rapsey Griffiths Insolvency and Advisory provide Corporate Insolvency advice to businesses experiencing financial difficulty in the geographical areas of Newcastle, Central Coast and all of Regional NSW.
The directors of a company should immediately seek advice on the company’s solvency and determine the relevant course of action needed to minimise the impact on all stakeholders. This action may be to restructure the company if it is a viable business or to wind the company up if it is no longer viable.
It is important to note that if the directors trade the company whilst it is insolvent, they may be held personally liable for the company’s debts.
Up to date Insolvency Advice in Newcastle, Central Coast and Regional NSW.
The team at Rapsey Griffiths has experience in assisting both small, medium and large businesses across a diverse range of industries.
In most cases, our advice is needed urgently, Rapsey Griffiths pride ourselves on our ability to adapt to difficult situations and provide the most relevant and up to date advice to company’s in financial distress.
Our corporate insolvency services include:
- Creditors Voluntary Liquidation
- Voluntary Administration
- Members’ Voluntary Liquidation
For more information on our corporate insolvency services click on specific services above or contact the team at Rapsey Griffiths.