Chat with us, powered by LiveChat
skip to Main Content

Depending on your financial situation

Business Debt Solutions

“The experience was easy and stressless beyond relief. Thank you Lorna Caramone for helping me, you’re amazing. ” - Bridget

5 easy steps

How It Works

Step 1: Analyse the Company’s Financial Position

One of our experienced business debt specialists will take the time to analyse your company’s financial situation during a free 30 minute consultation. This involves an in-depth evaluation of your business’ finances to determine if the business is solvent.

During this phase, a business health check may be performed. Our in-house Registered Liquidator will assess your business and recommend the best way forward to resolve your business debts.

Step 2: Recommend Course of Action

We offer a wide range of solutions for Pty Ltd companies as well as sole traders/partnerships. Your company’s financial situation will determine the best course of action moving forward. If your company is deemed solvent, we may be able to implement a positive turnaround strategy to get your business back on track. To avoid any risks of insolvent trading and director liability, we may suggest a Voluntary Administration or Company Liquidation.

If you are a sole trader or partnership, a Part 9 Debt Agreement or Bankruptcy may be the best way forward to eliminate your debts and regain financial control.

Step 3: Confirm Engagement

Once you agree to move forward with the recommended solution for your business, we will proceed with gathering the required documents and assisting you through the application process. The business debt specialist assigned to your case will be there to answer any questions you may have regarding the process. All harassing phone calls from creditors will cease once they know you are working with us to implement a positive solution for your business debts.

At this stage, an assessment fee will be paid according to the amount of business debt you have.

Step 4: Implement Solution

After all necessary paperwork and documents have been completed, the implementation of the recommended solution for you and your business will begin. A Voluntary Administration and Company Liquidation may only take a matter of weeks, whereas a business turnaround may take longer.

Step 5: Continued Support

We are here to support you every step of the way, from the start of the process until the end – our business debt specialists will be on call if you require any further assistance. Once your business debts have been resolved, we can also assist with lending in the future.

Act fast and seek professional help today to give your business its best chance to survive.

Back To Top