Business restructuring and turnaround

Family Law services at RSM

Business restructuring and turnaround


Family Law

Family lawyer advice at RSM

FAMILY LAW
SERVICES

Family Lawyer advice

RSM have a range of business restructuring and turnaround services to assist secured lenders when their clients are facing financial difficulties.

At RSM, we have a range of business restructuring and turnaround services to assist secured lenders when their clients are facing financial difficulties.

Investigative accountant reports

Our investigative accountant reports are specifically tailored to meet the needs of secured lenders:

  • investigative accountant reports assist lenders to establish the financial position of a client, or future client, with the underlying purpose of assessing risk and recommending risk minimisation strategiesBusiness restructuring services to assist secured lenders
  • this service provides an independent assessment of your client’s (or prospective client’s) current financial position and likely future trading prospects

Monitoring appointments/workouts

We are able to assist in monitoring appointments for a secured lender’s client

These appointments are tailored to the needs of the secured lender and may include:

  • discussing the current status and future prospects with the company’s director
  • evaluate the current strategies in place to repay the lender
  • explain the options available to the lender
  • provide the lender with a report summarising the findings and options available

We also offer solutions for directors to assist with business restructuring.

Business restructuring and turnaround
Advice for family lawyers

Members voluntary liquidation

A restructure of a group of companies may involve the winding up of solvent entities within the group to simplify the group’s structure. 

A member’s voluntary liquidation is often the most effective way to close down a company.

We have the specialist expertise in both liquidation and tax advisory to assist in the solvent winding up of a company and can provide advice on the best strategy to suit your needs.

There are a number of business restructuring and turnaround services available to suit your individual needs. Contact us to find out the best strategy for you.

RSM insights for the Healthcare sector

RSM welcomes Registered Liquidator and Bankruptcy Trustee, Tristana Steedman, to the Melbourne team

30 November 2022
RSM is thrilled to announce the appointment of Tristana Steedman, a Registered Liquidator, and Registered Trustee, with our national Restructuring and Recovery team based in Melbourne.

Case Study: Professional relationships you can count on

10 October 2022
When referring a client to another professional you need to be confident of their performance- which is why Mitch Herrett works hard to build solid professional relationships.

Director Penalty Notice (DPN): Your questions answered

1 September 2022
As the ATO increases activity around the issuing of DPNs in 2022, it’s important to be aware of your rights and obligations in relation to tax debts.

8 strategies to address challenges facing construction companies

29 August 2022
The construction industry and its stakeholders are reeling after another large construction company entered liquidation earlier this month. Hundreds of builders have now gone bust, with more than 20 major firms in the mix.

Liquidators issue update on collapse of Langford Jones Homes

25 August 2022
Liquidators appointed to collapsed Victorian-based building firm Langford Jones Homes have advised more than 400 creditors that there are presently insufficient assets to pay any money to the more than $20 million in creditors.   

Financial distress and your mental wellbeing

13 June 2022
The impacts of financial distress are far-reaching and go well beyond a balance sheet. Learn more about your options here.

What to do if you are in financial difficulty

10 May 2022
Your cash flow has dried up. You have mounting debts. You aren’t sure if the government will provide more support. You don’t know what to do next. Your stress-levels are through the roof.

Business Crisis: Where to start?

10 May 2022
We continue to assist business owners to prepare and respond to crisis that may arise in their business.

Case Study: John K - Bricklayer

4 May 2022
When experienced bricklayer, John,  launched his own business over a decade ago in Western Australia, he didn’t expect that one day he would be struggling under the weight of huge tax debt.

RSM Business Protect Series – Do you need to wind up a solvent company?

1 April 2022
RSM’s Restructuring & Recovery team at Port Macquarie on the mid-north coast of NSW is seeing an increase in enquiries from members/shareholders seeking to minimise their tax burden, or safely bring their company to an end via a Members’ Voluntary Liquidation process.

Signs of Insolvency | Part One: 6 Common Triggers

14 March 2022
Frank Lo Pilato, Director and Managing Partner of RSM Canberra, drew on his decades of experience to share six common signs of insolvency and bankruptcy, along with why he believes you learn more by failure than victory.

Construction companies urged to take notice as leader enters administration

4 March 2022
Last week, we learned that one of Australia’s largest construction companies, Probuild, has entered sudden administration with no warning to subcontractors. A long list of factors have likely played a role in the company’s demise, including delays due to lockdowns and increased labour and materials costs. 

Predictions for Regional Australia in 2022

18 February 2022
Looking at regional Australia, 2020/21 saw some communities face floods, mouse plagues, and the fallout of the global pandemic that hit the tourism sector hard.

Case Study: The sun will come out tomorrow

18 February 2022
It was a combination of factors that led to Stephen Pollard, a CEO and Board Member, needing to call on the services of the RSM Restructuring and Recovery team.

When business is bleak, know your options

13 January 2022
If debt is piling up and creditors keep calling, it may feel like the easiest thing to do is ignore it and hope it goes away. However, getting advice early on could make all the difference in achieving a successful outcome. 

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