100+ YEARS IN AUSTRALIA: RSM started in 1922 as a husband-and-wife team selling bookkeeping systems.
LOCAL EXPERTS: We have 32+ offices around Australia and many more locations serviced remotely.
LOCAL EXPERTS: We have 32+ offices around Australia and many more locations serviced remotely.
CLIENT CHOICE WINNER: RSM have been named the Best Accounting Firm at the Client Choice Awards for the last 6 years.
CLIENT CHOICE WINNER: RSM have been named the Best Accounting Firm at the Client Choice Awards for the last 6 years.

Australia’s Insolvency Practitioners    |    Corporate Turnaround   |    Safe Harbour Specialists

Bankruptcy, insolvency & corporate restructuring

 

We have a dedicated team of restructuring and recovery professionals in Sydney, Melbourne, Perth, Brisbane, Canberra, Albury, Wagga Wagga and Port Macquarie that can undertake insolvency support services.

Get specialist restructure, turnaround and insolvency advice from our team of financial specialists who can give you sound, professional guidance to help you recover from your distressed situation, before it’s too late.

With local specialists backed by the strength of a global operation, we are able to utilise our relationships within Australia, and other international markets to find the right cover for your risks.

With 32 offices across Australia, and throughout regional and metro areas, we can offer support wherever you are based.

 

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  Commonly asked questions  We can help! 

Some early warning signs include: declining cash flow, mounting debts, loss of key customers, disagreements among leadership, or inability to meet financial obligations on time. Acting early can make a big difference in preserving options for restructuring rather than being forced into formal insolvency.

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Before considering insolvency, there are alternatives such as voluntary business recovery, small business restructuring plans, negotiating with creditors, or entering voluntary administration. These paths often allow for preserving business value, protecting jobs, and maintaining reputation.

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Voluntary administration gives a company time to restructure while providing creditor protection. It allows for business operations to continue under an appointed administrator, who works with stakeholders to find the best way forward—whether that’s restructuring, selling parts of the business, or arranging a deed of company arrangement.

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Beyond the financial and legal implications, restructuring and insolvency affect people—employees, customers, suppliers, leadership. There can be emotional, reputational, and operational impacts. Good communication, planning, and seeking expert guidance help manage the human side of restructuring.

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There are several misconceptions, such as: liquidation always being the worst outcome, directors losing everything automatically, or that once liquidation starts, there’s no way to recover. Many of these are false: some businesses recover, some parts of a business can continue, and liquidations can be structured carefully.

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Preparation might include reviewing financials carefully, engaging trusted advisors early, considering restructuring plans (especially under new small business or creditor-friendly regimes), ensuring compliance with obligations (tax, legal, reporting), and exploring stakeholder negotiations. Early and proactive action often preserves more options and reduces costs.

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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 Trustee

Registered Liquidators

Registered Liquidators

30+ Offices Nationally

30+ Offices Nationally

 WE’VE HELPED COUNTLESS AUSTRALIAN COMPANIES BECOME PROFITABLE AGAINWatch our restructuring and turnaround success videos to learn more about how we’ve helped other companies and individuals recover from insolvency.

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.

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.

 
 

 

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.

Insolvency refers to a financial state where an individual or entity is unable to pay their debts as they become due. In Australia, insolvency is governed by strict insolvency practice rules, overseen by insolvency accountants who specialise in managing situations of company insolvency or corporate insolvency. When faced with business insolvency, companies often navigate complex procedures, seeking solutions like debt restructuring or, in extreme cases, filing for bankruptcy to mitigate financial distress and ensure the best outcome for stakeholders.

Our insolvency and turnaround expertise allows us to get to know your business and the specific risks you face both now and in the future.

With local specialists backed by the strength of a global operation, we are able to utilise our relationships within Australia, and other international markets to find the right cover for your risks. With 30 offices across Australia, and throughout regional and metro areas, we can offer support wherever you are based. 

  Client testimonials  

Our case studies highlight the successful restructuring and recovery strategies we've implemented for various businesses facing financial challenges. 

Each case study showcases our tailored approach to navigating complex situations, from insolvency to voluntary administration, demonstrating how we've helped clients stabilise, restructure, and achieve sustainable growth. 

Explore these real-world examples to see how our expertise can guide businesses through difficult times and create viable pathways for the future.

CASE STUDIES