Insolvency Brisbane
HOW WE CAN HELP
At BRI Ferrier Brisbane, we have an acute insight into the dynamics of businesses facing closure and individuals facing bankruptcy.
We help mitigate the negative effects of insolvency for stakeholders and maximise potential returns. Our aim is always to achieve the best outcome possible for our clients.
Business insolvency
Our team of registered and official liquidators in Brisbane acts for banks, company directors, business owners, legal advisors, creditors, investors and regulators. Our experience includes insolvency situations in industries such as property and construction, energy, mining, retail, manufacturing, logistics, primary industry, and tourism and hospitality.
We listen to all stakeholders to understand their objectives and implement a strategy that maximises their returns. In this way, we protect creditors’ interests, maximise realisations, manage claims and, where appropriate, pursue recoveries.
The three main vehicles for achieving these outcomes are receivership, creditors’ voluntary liquidation and court liquidation:
- Receivership. BRI Ferrier has acted for all of Australia’s first and second tier lenders as receiver and manager of distressed businesses. As receiver, we take control of a specific asset or entire business that is subject to security, typically held by a bank, and take steps to realise the value for the best possible outcome to the secured creditor. Find out more about business receivership
- Creditors’ voluntary liquidation. BRI Ferrier may be appointed as creditors’ voluntary liquidator when an insolvent company’s directors and shareholders resolve to liquidate the company, or when creditors vote for liquidation following a voluntary administration or terminated deed of company arrangement. Find out more about BRI Ferrier’s creditors’ voluntary liquidation services
- Court liquidation. BRI Ferrier is regularly appointed by courts that determine a business is insolvent and that liquidation is the best means to repay claimants. The appointment may take the form of provisional or official liquidation, where the former is a temporary mechanism. It enables us to take control of the business and its affairs, allowing for an orderly winding down of operations and realisation of assets. Find out more about BRI Ferrier’s court liquidation services
Personal insolvency
If you experience personal financial distress, BRI Ferrier can help. Our registered trustees in bankruptcy work with debtors to achieve the best possible solutions to their difficulties.
We also act on behalf of creditors to recoup losses. We do this by investigating and assessing potential recoveries available to the trustee. In addition, we may investigate and report any offences the debtor may have committed.
We understand both sides of personal insolvency and provide all parties with a resolution that reduces distress and anxiety.
The two main vehicles for achieving positive outcomes in these situations are personal bankruptcy and personal insolvency agreements:
- Personal bankruptcy. In cases of personal bankruptcy, BRI Ferrier acts for debtors to advise creditors on the likelihood of a return. We also act for creditors to investigate bankrupt estates and recommend ways of maximising recoveries. Find out more about BRI Ferrier’s personal bankruptcy services
- Personal insolvency agreements. We have extensive experience in personal insolvency agreements (PIAs), an alternative to bankruptcy. A PIA is a flexible but legally binding arrangement between a debtor and creditors. It identifies the debtor’s property and income available to pay creditors’ claims. It also specifies how any realisations are to be dealt with. Find out more about BRI Ferrier’s personal insolvency agreement services
LOCATION
How to get to us.
Level 4/307 Queen St,
Brisbane City QLD 4000
(07) 3220 0994
Monday–Friday: 8:30 AM – 5:30 PM
BRI Ferrier Brisbane is located at Level 4, 307 Queen Street, Brisbane QLD 4000, in the centre of the Brisbane CBD.
By train: The office is a short walk from Central Station and Roma Street Station. From Central, head south along Edward Street and turn right onto Queen Street. The building is a few minutes' walk along Queen Street Mall.
By bus: The closest bus stops are on Adelaide Street and George Street, both within a 5-minute walk.
By ferry: The Eagle Street Pier and Riverside ferry terminals are a short walk from the office. Head west along the riverfront and turn onto Queen Street.
By car: Several parking stations are located nearby on Creek Street, Albert Street, and in the Queen Street precinct. We recommend checking live parking availability before you arrive.
