Service overview
Business Recovery & Insolvency
When you have a financial interest in a struggling business, nothing matters more than taking swift action to protect your position. Businesses can find themselves in trouble out of no fault of their own or it may be a result of one of the business units taking the entire organisation over the edge.
How can BDO help?
No matter how your business ends up distressed, BDO can help make the best of the situation at hand. This may mean restructuring a business to sell or help it trade out of difficulty, or winding it up as quickly as possible in order to minimise further losses. It's our job to ensure that the right approach is adopted and the best outcomes achieved for the benefit of secured and unsecured creditors and stakeholders.
BDO offers a comprehensive range of business recovery and insolvency related services in the following areas:- Formal corporate & personal insolvency services
- Business recovery & turnaround
- Associated services to assist you
Services offered to secured creditors, unsecured creditors and companies or individuals are detailed in the table below.
| Secured creditors | Unsecured creditors | Company/individual |
|
|
|
As insolvency practitioners it is important that we work cooperatively with our regulators to ensure Australia has an effective and efficient insolvency system. It is important that the framework we operate in minimises loss, ensures assets are returned to the marketplace and provides a process to end the spiral of debt.
As recovery and insolvency specialists our goal is to rescue the situation and avoid formal proceedings. We believe it is better to turn a situation around, as financial reconstruction minimises loss - both financial and emotional.
