100+ YEARS IN AUSTRALIA: RSM started in 1922 as a husband-and-wife team selling bookkeeping systems.
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.

Professional Receivership Services to Manage Financial Distress

In times of financial distress, receivership can be a necessary measure to protect the interests of creditors and stakeholders. At RSM, we offer professional receivership services to manage the company and ensure the best outcomes. Our experienced insolvency practitioners are dedicated to achieving market value the best price for assets while adhering to the Corporations Act 2001.

A company goes into receivership when an independent and suitably qualified person (the receiver) is appointed by a secured creditor, or in special circumstances by the court, to take control of some or all of the company’s assets. 

Receivership is a legal process where an external party is appointed to sell or safeguard the assets of a company or business

 

 

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CONTACT US

Looking for more information about Receivership?

  Why Choose RSM?  

  • Expert Guidance: Our team has extensive experience in handling receiverships and related insolvency processes, providing you with reliable and knowledgeable support.
  • Personalised Solutions: We offer tailored solutions that address your unique financial situation and goals.
  • Holistic Approach: Our comprehensive services ensure that all aspects of the receivership process are addressed.

  GET IN CONTACT  

Navigating receivership can be complex, but with the right guidance, it can lead to the best possible outcome for all parties involved. Contact RSM today to learn more about our receivership services and how we can assist you.

Our national partnership has extensive experience in providing advice to lenders and acting as receiver and managers for major financial institutions and private secured lenders.

Our primary role when acting as receivers and managers is to provide a commercial service to the appointee by securing and realising the secured assets, providing informative and accurate reports to the secured lenders, and distributing funds to the secured lenders in the most cost effective and timely manner.

We take reasonable care to sell charged property for not less than its market value or, if there is no market value, the best price reasonably obtainable.

  Frequently asked questions  

Receivership is a legal process where an external party is appointed to sell or safeguard the assets of a company or business.
Receivership involves appointing an external administrator, known as a receiver, to collect and sell the company's assets to repay the debt owed to secured creditors. The process is governed by the Corporations Act 2001 and aims to maximise returns for creditors while allowing the business to continue to trade where possible.

Receiverships are primarily instigated by secured lenders who’s primary focus is to recover sufficient funds to discharge their secured debts. 
We have also been appointed as receivers by the courts in a number of matters where the courts have deemed it proper to appoint a receiver.

We appreciate that a receivership will not end until we have collected and sold all of the assets or enough assets to repay the secured lender, completed all receivership duties and paid receivership liabilities. Accordingly, it is our primary goal to ensure all required tasks are addressed with urgency and facilitate the finalisation of the engagement as soon as practicably possible.

At RSM, our comprehensive receivership services include:

  • Managing the Company: Our experienced team steps in to manage the company during the receivership process, ensuring stability and continuity.
  • Selling Secured Assets: We efficiently sell the secured assets to repay the debt owed to creditors, striving to achieve market value the best price.
  • Debt Management: Handling the debt owed to both secured and unsecured creditors, ensuring all parties are treated fairly.
  • Compliance with Corporations Act 2001: Ensuring all actions taken during the receivership comply with relevant legislation.
  • Insolvency Practitioners: Our team of qualified insolvency practitioners brings expertise and professionalism to the receivership process.
  • Collects and Sells: Efficiently collecting and selling assets to maximise returns for creditors.
  • External Administrator: Acting as the external administrator to manage the receivership process effectively.
  • Continue to Trade: Where viable, enabling the business to continue to trade to preserve value and jobs.

In addition to receivership, RSM offers a range of solutions to manage financial distress:

  • Liquidation and Voluntary Administration: Providing support for businesses undergoing liquidation or voluntary administration to ensure compliance and optimal outcomes.
  • Deed of Company Arrangement: Assisting in formulating and implementing deeds of company arrangement to restructure debt and return the business to solvency.

  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.