What is Pre-Insolvency?
Pre-insolvency involves organising your tasks and schedule so you’re prepared for the next step to protect your interests, before going into insolvency, liquidation, administration or bankruptcy. It mainly involves collecting all the information you need to help to design a strategy that will best suit and protect you and your family.
What can Turnaround Professionals do?
Hopefully we can save your business, and we will look at that first. If your business is beyond saving, we’ll do what we can to make sure the directors are positioned to best protect their personal assets.
How much time do we have?
If you’re in any doubt you should act quickly— start by calling us on 1300 518 070. It will cost you nothing to find out. It is a sad fact that many people wait until it is too late to take action to relieve the pressure from creditors. Given enough time, we can possibly help you to turn your business around, or if it is beyond help, put your business into Voluntary Administration and negotiate a Deed Of Arrangement with your creditors.
Can Turnaround Professionals save my business?
We sincerely hope we can save your business, and we always look at that first. See the Section — Turnaround
What if my business cannot be saved?
Our first objective would be to protect owners and directors by:
Encouraging, supporting and reassuring
Making sure all loans to your business are properly recorded
Making sure any money owed to your business is properly recorded
Ensuring that all assets are correctly recorded
Reviewing your records to ensure that loose ends are secured
Helping you prepare paperwork for the Liquidators
Helping you complete the ATO paperwork
Helping you make the best of your circumstances.
How would Turnaround Professionals collect money owed to me?
We would refer you to our effective debt collector associates who get paid only if they collect your money for you.
How would I enter Voluntary Administration?
In the event that voluntary administration is appropriate or inevitable, we would help you to select and appoint the administrator, and liaise with him or her to achieve the best possible outcome for you.
How could I negotiate a Deed of Company Arrangement?
Turnaround Professionals will do all that for you.
What can I expect during my financial crisis?
Turnaround Professionals can draw on our extensive experience of many cases that are similar to yours. We can tell you exactly what is likely to happen, and when.
How much will Turnaround Professionals cost?
Your first TAP consultation is free, where we will start gathering information we need to develop a plan of action. Our strategy document is likely to include a once-only charge for our services, and our charge will be based on the complexity of your situation. This once-only fee is so you are not constrained by being concerned about running up additional charges every time you contact us. Our aim is to take away your worry and stress, and to put you back in charge of your situation and your future.