Accountants and Solicitors can’t provide all of the solutions all of the time. At Brooke Bird, we regularly receive calls to assist professionals at short notice where financial distress is immanent. One of the most important points to remember is not to wait until your client’s business is exhibiting all the symptoms of financial distress. Early advice can prevent a business from failing.
The Government regulators and the Australian Restructuring Insolvency & Turnaround Association (‘ARITA’) have prepared a useful publication to share with your clients explaining the consequences of insolvency.
Should you need help with a client in financial trouble, please call us. The Partners of Brooke Bird are ASIC Registered Liquidators and Fellow members of the ARITA.