Administration Industry News

Experienced low turnover and high overhead costs can place a severe burden on any business. The 2020’s will be remembered as a decade of change with the government forced to implement more changes in a short period of time than every before. This includes stimulus programs such as job-keeper and temporary legislative changes such as a suspension of directors’ personal liability for insolvent trading. Stay up to date with the latest news and global factors impacting administration.

Case Study - Legal Support

A case study, where a Director of an engineering company appointed a Voluntary Administrator and a successful restructure was implemented by Australian Debt Solvers.

Case Study - Administration

A transport company ran out of cash trying to pay all of its creditors. The Directors were a young couple with children and did not want to lose their business.

Case Study - Creditor Arrangement

Australian Debt Solvers assited a furtniture manufacturer where ADS oganised a payment plan so that the business could resume trading with their suppliers.

Biggest Business Collapses and Voluntary Administrations of 2018

Businesses often fail due to many reasons, including poor management, lack of leadership, poor planning, increased competition, weak consumer confidence, and lack of market insight – to name a few.

ADS Voluntary Administration: Dance Company

Through voluntary administration, a struggling dance-event company was able to continue trading to achieve the best outcome for its creditors.

Case Study - ATO Payment Arrangement

The Directors of the company approached Australian Debt Solvers to help the company deal with its tax debt and liaise with the ATO.