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Corporate Insolvency 

A snapshot

Is your company insolvent?

Options for businesses facing the prospect of insolvency

Corporate insolvency can happen for many reasons. Recognising the early warning signs of a potential insolvency is not always easy. Our team of local experts have the extensive knowledge and experience needed to give you the right advice at the right time.

PKF’s experienced experts bring empathy, insight and professionalism to help guide businesses and their stakeholders through all types of corporate insolvency - large or small. We work with all stakeholders to achieve the best possible outcome.

Our corporate insolvency experts are experienced in acting for both debtor and creditor-based assignments. 

Talk to one of our experts today

Voluntary administration

A Voluntary Administration aims to maximise the chance of a company continuing to exist. An insolvency practitioner is appointed to manage and investigate a financially troubled company's affairs and report and make recommendations to creditors, who decide the company's fate.

Creditors Voluntary Liquidation

Initiated by the company and arises when an insolvent company selects an insolvency practitioner to liquidate the company on its behalf. This process involves the company's assets being sold and funds used to repay its debts.

Court Liquidation

Court liquidation occurs when a Court appoints an independent liquidator to be responsible for the realisation of a company's assets. This is usually due to a company failing to meet a statutory demand by an unsecured creditor.

Receivership

Occurs when a secured creditor or court puts a company under the governance of an independent insolvency practitioner to control part or all a company's assets.

Simplified Liquidation

An eligible company in a Creditors Voluntary Liquidation may follow a simplified liquidation process which intends to be more cost effective due to lesser reporting and investigation requirements.

Small Business Restructuring

Small Business Restructuring provisions allow eligible companies to compromise their debts, with their creditors' agreement, to maximise the chances of the company to continue trading.