Business insolvency
At BRI Ferrier, we have wide-ranging expertise with businesses that are, or may become, insolvent and need to be wound down in an orderly manner. This can involve all or just part of the business that has not been performing.
Our team of over 20 registered and official liquidators 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 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
We offer Business insolvency services across the Sydney region, Brisbane region, Townsville region, Cairns region, Melbourne region, Adelaide region, and Perth region