RSM Australia

Our People

Mitchell Herrett
Principal - Brisbane

Biography

Mitchell has been a Principal with RSM’s Restructuring & Recovery division since 2004 and heads up RSM's Restructuring & Recovery division in Brisbane. Mitchell is a registered Liquidator with over 17 years’ experience in the insolvency profession.

Mitchell's experience includes the management of corporate and personal insolvency in Brisbane and the surrounding regions. Mitchell has also managed the formal insolvency engagements of companies located in Canberra, New South Wales, Victoria and South Australia with the assistance of RSM's resources in those states.

Specialties

Mitchell has specifically managed the formal insolvency appointment of companies in the following industries:

  • retailing
  • joinery
  • transport
  • restaurants
  • manufacturing and construction
  • textiles and clothing
  • pharmacy
  • pre-press and offset printing
  • livestock
  • clubs
  • housing organisations

Solutions Mitchell HERRETT provides

Mitchell is committed to providing a high quality service to all key stakeholders in corporate and personal insolvency matters. Mitchell’s experience includes:

  • voluntary administrations
  • voluntary liquidations
  • deed of company arrangements
  • official liquidations
  • receiverships
  • bankrupt estates
  • personal insolvency agreements under Part X of the Bankruptcy Act
  • special purpose engagements assessing financial viability and solvency

Significant projectsMitchell Herrett

Mitchell has managed a number of significant projects during his career and most notable was the external administration of a registered club in Canberra. Mitchell managed the club's trading operations, employees, budgets, revenues and expenses, gaming and liquor compliance, investigations, and reporting to the creditors and the members of the club. The administration of the club ran for six months and was concluded by a successful merger that secured the continuation of the club’s activities.

Professional associations

  • Member, Chartered Accountants Australia and New Zealand
  • Member, Australian Restructuring Insolvency & Turnaround Association 

Qualifications

  • Insolvency Education Program, (ARITA)
  • Graduate Diploma in Chartered Accounting
  • Bachelor of Business (Accounting)
  • Certificate of Public Practice, Chartered Accountants Australia & New Zealand.

Registrations

  • Registered Liquidator
  • Official Liquidator
Publications

Voluntary bankruptcy: is it your best option?

4 December 2019
Finding yourself struggling under the weight of insurmountable debt is not something most people plan for in life. Perhaps a single credit card became 3 or 4, or an unexpected life event made paying personal loans or the mortgage impossible. Perhaps as the director of a company, you’ve been held personally liable for the company’s debts, or ...

Life during bankruptcy: is it really that bad?

3 December 2019
Fear of the unknown is undoubtedly stressful, but for someone facing bankruptcy, that fear can be debilitating. It’s this fear that makes some people avoid bankruptcy for as long as possible, opting instead to suffer in silence under the weight of their debts – fielding constant calls and emails from creditors while hoping it will event...

Tips to avoid failure for small business - Part 1

6 October 2017
Small business owners take note! At RSM, we have seen many businesses with cash flow problems or debt recovery issues successfully turned around as a result of early action on the part of directors and business owners.   Unfortunately, business failures usually occur where action is taken far too late to enable any chance of turnaround or...

Director Penalty Notices - An explanation of the Director Penalty Regime

13 April 2016
What is a director penalty notice (DPN)? A notice issued by the ATO, which if not complied with by the due date, makes a director personally liable for the penalty amount until it is paid in full. The director penalty regime applies to: Unpaid Pay As You Go (PAYG) withholding amounts Unpaid Superannuation Guarantee Charge (SGC) ob...