RSM Australia

Restructuring & Recovery

We have a dedicated team of professionals 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 team focuses on those industries in which we specialise, concentrating on applying what we already know to financial problems in industries we understand.

Our industry specialisation includes:

  • 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 dealerships
     

Ongoing insolvency matterS

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.

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.

Insolvency Reform Edition 12 - June 2017

Ahoy! A safe harbour? View the past edition of the Insolvency Reform newsletter - Insolvency Reform Edition 11 - May 2017 HERE

Insolvency Reform Edition 11 - May 2017

THE RISE OF THE PRE-PACK  View the past edition of the Insolvency Reform newsletter -[Insolvency Reform Edition 10 - April 2017] here

Can you trust a Trust?

A recent decision by a Victorian Court may settle the confusion associated with the appointment of a liquidator to a corporate trustee of a trading trust. Robson J in Re: Amerind has chosen to follow aspects of Brereton J’s decision in the (NSW) case of Re: Independent Contractors which attracted a degree of criticism at the time.

Insolvency Reform Edition 10 - April 2017

A plethora of issues A great deal has occurred since our last Insolvency reform newsletter.

Insolvency: What does it really mean?

Most directors should be aware that they may be made personally liable for any unpaid debt their company incurs while it is insolvent. In February’s newsletter, we gave an introduction to insolvency as well as some tips on how to avoid it.

Insolvent Trading: What it is and how to avoid it

To remain viable, any company needs to ensure that it is able to meet its debts when they are due, and to allow enough working capital for future financial obligations. Once a company can not pay its debts as and when they fall due, it is said to be insolvent.

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