RSM Australia

Restructuring and Recovery

We have a dedicated team of Restructuring and Recovery professionals in Albury, Brisbane, Canberra, Melbourne, Perth, Sydney and Wagga Wagga that can undertake insolvency services.  

RSM have a expert team of Restructuring and Recovery in Albury, Brisbane, Canberra, Melbourne, Perth, Sydney and Wagga Wagga that can undertake insolvency services.  Our Restructuring & Recovery team staff are skilled in handling these types of appointments backed by the resources of a full service national accounting practice. By connecting with our multi-disciplined team approach, you can be assured of us achieving the best outcome.

Our valued client relationships and connections include:

  • Corporations in financial difficulty that need assistance in reorganising their affairs
  • Directors and business proprietors who have a personal financial exposure
  • Bankers, other financial institutions, and government agencies that have concerns about the financial health of a borrower; lawyers seeking specialised business recovery services for their clients
  • Other accountants and consultants seeking specialised business recovery services for their clients
  • The court, in the case of certain formal corporate recovery appointments

Our Restructuring and Recovtery team focuses on those industries in which we specialise, concentrating on applying what we already know to financial problems in industries we understand.

  • agriculture
  • building and construction
  • commercial property
  • education
  • earthmoving
  • fishing and aquaculture
  • hotels, motels, pubs and clubs
  • import and export
  • manufacturing and engineering
  • mining services
  • newsagents
  • retail
  • transport
  • motor vehicle dealerships and other floorplan dealership

Oppressive behaviour as a director will bite you in the wallet

The exercise of directors’ powers came under close scrutiny in the recent decision In the matter of Optimisation Australia Pty Ltd [2018] NSWSC 31, and the directors lost out against a minority shareholder who
17 May 2018

Insolvency Reform Edition 16 | Is it time?

This article discuesses whether it is time for Insolvency Practice Standards contained in the ARITA Code, to be given the force of law. VIEW THE PAST EDITIONS OF INSOLVENCY REFORM >>
3 May 2018

Company directors get a safe harbour in relation to potential insolvent trading claims

On 18 September 2017, what has become called “the safe harbour defence”, became available to company directors from claims against them for allowing the company to incur debts whilst insolvent (“insolvent trading”). This reform was part of the Government’s National Innovation and Science Agenda launched in late 2015.
4 December 2017

Tips to avoid failure for small business - Part 2

In Part 2 of this series, we provide some key advice for reducing debt risks for small business owners.
24 November 2017

Tips to avoid failure for small business - Part 1

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.  
6 October 2017

Insolvency Reform Edition 13 | Is Independence Dead?

This article of Insolvency Reform covers the recent court challenge around independent insolvency practitioners. View the past editions of insolvency reform >>
21 July 2017

RSM expands Restructuring & Recovery division into Queensland

RSM Australia has announced the expansion of its Queensland operations to include a Restructuring and Recovery practice, led by Mitchell Herrett.
30 June 2017

Directors and creditors take note: Changes to the claw-back rules

In a liquidation, a liquidator has the right to take back property or money that the debtor improperly gave away before the liquidator was appointed.
28 June 2017

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