An environment that is conducive to developing commercial and IA expertise. You will have carriage of formal insolvencies under $5 million and lead a team of two or three people. For administrations of turnover more than $5m you will report to the appointee.
Apart from managing statutory obligations you will undertake:
Cessation of trading, including disclaiming of leased assets and finalisation of trade-on liabilities
Quantifying employees’ entitlements and dealing with staffing issues, including terminating contracts of employment
Preserving, protecting and realising assets particularly cash at bank, debtors and stock
ROT issues
Date of insolvency report
Investigating antecedent transactions, including unfair preferences, uncommercial transactions and claims against directors for insolvent trading
Trade on and selling of businesses
Proactive boutique firm headed up by one of Sydney’s most respected Practitioners. With many years of experience the firm has built and enviable position in the market and are attuned to an endless list of industries. Practice is pro-active in promoting early remedial action with the intention of avoiding formal administration. In this regard they conduct an IA and, if necessary provide a workout plan.