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Insolvency, business recovery and bankruptcy specialists in Mackay
Facing business financial distress in Mackay? Our restructuring, liquidation & bankruptcy specialists are ready to support you.
The past few years have brought significant change and uncertainty for many industries, leaving some businesses struggling despite their best efforts.
We service the Mackay region with business restructuring, liquidation, and bankruptcy specialists standing by to support your needs.
We work closely with you to assess your financial position and explore the most practical options available – supporting you, your family, and your employees through every step of the recovery process.
We’ll take the time to understand your situation and how it came about,
and then work with you towards the best possible outcome.
Registered Trustee
Registered Liquidators
30+ Offices Nationally
Our restructuring, insolvency and turnaround services for Mackay
Company Restructure & Turnaround
At RSM, we’ve helped hundreds of Australian businesses not only recover from debt, but to face the future with confidence and thrive.
Company and Business Liquidation
If liquidation is necessary, we specialise in advising business owners and directors on the best course of action, keeping your personal liability to a minimum.
Voluntary Administration
Bad debts, poor decisions, or forces outside of your control can cause financial distress. If dealt with correctly, liquidation can be avoided.
Bankruptcy
Being able to control debt can be difficult. If your debt is out of control, then take the first step and reach out for help.
The sooner we get started, the better your chances of success.
If debt is becoming a hurdle too big to overcome, here’s how we work with you to meet your unique needs.
Meet our Mackay Business Recovery and Liquidation specialists
Contact our Insolvency Specialists servicing Mackay
We are here to help with honest, professional and tailored advice. Call 0429 567 615 for a free consultation with one of our experienced restructuring and recovery experts. Our local knowledge and presence are our points of difference.
Common triggers include things like sudden loss of a major customer or contract, key staff departures, cash-flow paralysis, rising debt and cost pressures. Recognising the signs early gives you more options to act before formal insolvency becomes necessary. To learn more, visit our article >>
Yes. RSM’s “Corporate Insolvency Solutions and Business Turnaround Advice” page highlights that alternatives such as voluntary business recovery, small business restructuring plans, Safe Harbour protection for directors, or negotiating with creditors can often preserve more value and outcomes than immediately entering liquidation. Learn more >>
Safe Harbour is a provision under the Corporations Act that allows directors to continue trading while seeking professional advice, and helps protect them from personal liability for debts incurred during that period. Acting early to appoint a Safe Harbour advisor can create breathing-room rather than defaulting directly into insolvency. More information can be found here >>
Not necessarily. Liquidation is sometimes the best structured exit. Even then, the process is more than winding up assets—it’s about minimising damage, preserving dignity and enabling fresh starts for people involved. In many cases, formal insolvency is a last resort rather than the first move. Learn more >>
The key steps are:
- Seek advice early — the sooner you act, the more options you retain.
- Review your business viability — assess cash flow, obligations, debt levels, and key dependencies.
- Explore restructuring or winding-down options — small business restructure, Safe Harbour, voluntary administration, etc.
- Communicate with key stakeholders (lenders, creditors, staff) and develop a plan rather than waiting for enforcement.
Absolutely. RSM’s materials emphasise that these strategies apply to businesses of all sizes, including SMEs and not-for-profits. For example, the Safe Harbour article explicitly references SMEs and NFP directors facing financial stress.
The fact you operate in a regional area (Mackay/North Qld) doesn’t exclude you from these options — what matters is acting promptly and getting specialist support.
RSM has supported countless Australian companies through financial distress by restructuring operations, improving cash flow, and negotiating with creditors. Please get in touch today to discuss how our experts can help you.
RSM helps thousands of Australians each year take back control of their finances. Before declaring bankruptcy, our advisers can assess your situation and recommend tailored solutions such as debt agreements, informal arrangements, or financial counselling. Please get in touch today to discuss how our experts can help you.
Asset protection involves structuring your affairs to safeguard wealth from unforeseen risks or claims. RSM’s specialists advise on legal, tax, and financial strategies to strengthen your protection while ensuring compliance. Find out more in our article on Asset Protection Strategies or get in touch today to discuss how our experts can help you.
Take care of your mental well-being.
Dealing with financial difficulties can be overwhelming and personally challenging. It’s not an easy journey.
Prioritising your mental health is essential to navigate through these tough times and come out stronger.
Don't hesitate to seek support when needed.
Consult your doctor or contact the following organizations if you require immediate assistance.
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Additional insights
We help thousands of Australians each year resolve their debt and take back control. There are many options able to be tailored to your individual circumstances before considering personal insolvency.
If your debt is out of control, then take the first step and reach out for help.
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Sometimes the best option is to close your business. If we assess your company as no longer viable, we’ll guide you through the business liquidation process, from selling off assets to pay your creditors to winding up the company to minimise losses. Taking action early will give owners and employees the opportunity to move forward as soon as possible.
Safe harbour is an additional defence to a claim by a liquidator or creditor against a director personally, for debts incurred by the company while it was insolvent.
It provides an exception to the rule that a company cannot continue trading if it is insolvent.
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Asset protection is the use of smart, legal strategies to protect your assets. Most people have insurance to protect against risk, but no insurance can cover every possible scenario, and you may not know which insurances are needed to protect against the unique risks you face.
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