Worrells is a firm committed to aiding you in resolving your debt issues. We have local people across Australia.
We understand that managing debt problems can be a source of stress, especially when reliable and clear information is hard to come by.
Our primary objective is to help you address your seemingly insurmountable financial obligations through legal means.
We offer the following services:
- Reviewing and negotiating ATO debt
- Small Business Restructuring
- Providing insight and advice on insolvency
- Assisting with dispute resolution
Founded in 1984, Jirsch Sutherland has helped many Australian businesses, particularly small-to-medium businesses, turn-around, recalibrate and grow and have worked with scores of tradespeople, including subbies who’ve been the collateral damage when a head contractor gets into financial trouble.
We’re proudly independent and are the country’s leading voluntary insolvency firm. We offer a local presence and national reach, with a network of offices in metropolitan and regional hubs on the Eastern Seaboard and in WA, and a team of specialists committed to servicing metro as well as regional, rural and remote areas.
What makes us different is our empathy and our tailored solutions. We work closely with our clients and their trusted advisers, including accountants and lawyers, to identify and develop the best-outcome solution for businesses that find themselves in financial distress. We recognise that at the heart of every business issue are people’s lives and livelihoods. We pride ourselves on being open, honest and empathetic.
I understand first-hand the challenges faced by tradies. Not only have I assisted many in my role as a Registered Liquidator and Bankruptcy Trustee, but I’m also the wife of a small business owner who runs a joinery/kitchen business in regional NSW. I manage my husband’s books and have assisted with implementing various processes to help him run his business. Over the years I have witnessed the pressures faced by others in the industry – including tradies and suppliers – so I know it can be tough at times (particularly when you’re juggling business and family. I get it, my husband and I are parents of two young children).
It’s been a really rough few years for small businesses – particularly those in the building & construction sector – with COVID, cost-of-living crisis, inflation and high interest rates. Then there’s the ATO, which has ramped up its debt collection activities. You might have received or heard about Director Penalty Notices (DPNs), one of the statutory ‘weapons’ the ATO uses to recover unpaid tax. The ATO has issued thousands of DPNs in the past couple of years and is unlikely to let up any time soon. If you receive a DPN or are in danger of receiving one, you can’t muck around. You need advice urgently. That’s where I can help.
At Jirsch Sutherland we offer a range of specialist services including:
- Formal restructuring processes including Small Business Restructuring (SBR) plans, Voluntary Administration, and Deeds of Company Arrangements (DOCAs).
- Informal ‘work out’ solutions (allowing a company to renegotiate the terms of trade with their creditors).
- Personal insolvency solutions including bankruptcy and Personal Insolvency Agreements (an alternative to bankruptcy).
- Consulting services tailored to improve a business’s operations and profitability.
Should you be experiencing financial distress, I’m happy to chat – and there’s no obligation or cost for that initial chat. I just like helping people find the right path. Early advice is key - the sooner you act, the more options there might be.
MONEY TROUBLE FINANCIAL PROBLEMS
At Shaw Gidley, we understand the crucial role Tradie Wives play in the success of their partners' businesses. We also understand that navigating the financial aspects of business can sometimes be daunting or even distressing - we're here to offer our expertise and support.
With over 100 years of combined experience among 20 specialist staff across three offices, we focus on small-medium companies and individuals in financial distress.
We specialise in helping tackle debts including ATO debts, offering proactive solutions tailored to your needs:
- We understand that dealing with financial challenges can create anxiety, but the process doesn't have to be scary. Our professional, friendly approach and experience ensures that you do not feel overwhelmed and receive the best advice possible.
- We recently assisted a client who was overwhelmed by a tax debt upwards of $600,000, and unable to meet obligations under a repayment plan. We assisted them with a Small Business Restructure and now they have settled their debts including the tax debt for 20 cents in the dollar and have managed to keep their business. They are now back on their feet and feeling back in control of their finances.
Our friendly team is here to explain your options around Director Penalty Notices (DPN) and help protect your personal assets:
- If you receive a Director Penalty Notice (DPN), it's crucial to seek advice promptly. We are here to listen, explain your options and help protect your personal assets.
- We assist clients on a daily basis where they are facing a DPN. It is scary how many professional advisors do not fully understand how DPNs work and as a result are not able to properly advise on them. We can advise and offer formal insolvency solutions to avoid personal liability.
Whether you're seeking assistance in relation to your Company or your personal finances we have the solutions:
- From a personal perspective, bankruptcy can seem terribly daunting and an absolute last resort. To the contrary, bankruptcy is now a relatively discrete option that is designed to deal with personal debt and give you a fresh financial start. Additionally, there are formal options that avoid bankruptcy that we have years of experience in and can advise you on.
- We recently assisted a client facing the daunting prospect of a liability in excess of $800,000 to the ATO under an expired DPN. We assisted them with a personal insolvency agreement where they paid creditors 10 cents in the dollar and avoided bankruptcy. The whole process took less than 6 months to get them back on their feet.
Take the proactive step towards getting back on top of your financial situation by booking an obligation-free consultation with us.
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Strategic Solutions offers boutique solutions and a personalized service for business or individuals facing financial hardship or insolvency.
Cheryl Stainsby is an Independent Directors Advocate and Business Advisor, trusted and recommended by industry Professionals.
Strategic Solutions specializes in
• Assisting Directors with Small Business Restructures specifically aimed at compromising ATO Debt.
• Liquidation and Voluntary Administration advice and support for Directors
• Bankruptcy Advice and Alternatives for clients for with insurmountable personal debt.
• Asset protection
In Addition: we have trusted referral partners with the following specialties who help us achieve our great results
• Refinancing to consolidate, payday loans, tax debt, business loans.
• Organizing finance for customers with defaults on their credit rating.
• Debt negotiation
• Cleaning Up Credit files
We have a panel of Experienced Accountants, Lawyers and Insolvency Practitioners that we work with across Australia, or, if you prefer, we work with your own Trusted Accountants and Advisors.
If you’re looking for someone who is truly independent, who knows your rights and responsibilities and who’s always fighting your corner, we are the advisors for you.
We are strategists who know and operate according to the ‘big picture’, taking account of the entire situation and facilitating from start to finish.
You may feel you have no one else to help you work through what seems an impossible situation. It’s an emotional time when you’re in meltdown, and it’s hard to make the decisions.
If you’re worried and want fast action you can contact Cheryl now. Your initial consultation is free and without obligation. Ring 1300 851 775
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HNT Legal is a dynamic and versatile law firm based in Western Sydney, dedicated to providing exceptional legal services with a personal touch.
HNT Legal offers expert advice and representation in the practice areas of Family Law, Business Law, Insolvency & Debt Recovery, Property Law & Conveyancing, Wills & Estates, and Criminal Law, tailored to meet the unique needs of each client. Whether you're an individual, a small to large business owner, a corporation, or a financial institution, HNT Legal is equipped to handle your legal matters with professionalism and care.
At HNT Legal, we pride ourselves on being large enough to manage complex transactions and cases, yet flexible enough to provide personalised attention to smaller matters. Our team of highly specialised solicitors works diligently to ensure our clients receive expert legal advice and holistic solutions that consider all aspects of their issues. Our growing private and commercial client base is a testament to the high level of satisfaction our clients experience.
We are committed to winning in litigation, alleviating stress in commercial and property transactions, and achieving the best possible outcomes in family law matters.
For more information or to discuss your legal needs, please visit our website or contact us directly on (02) 9687 6880.
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