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Services

IRT Advisory comprises a team of experts in insolvency, restructuring and business turnaround practice.  We focus on:
assisting companies with a viable business  is the efficient finalisation of the affairs of distressed companies assisting the creditors of insolvent corporate debtors to recover monies owed, through the use of innovate recovery solutions.We also accept director-initiated corporate reconstruction and turnaround engagements.

SMALL BUSINESS RESTRUCTURING

The usual route to apply for a winding-up order by the Court is: Issue proceedings against the debtor seeking payment of the debt owed plus interest and costs; Having obtained judgment against the debtor, issue a statutory demand for payment of the judgment debt under s.459E of the Corporations Act 2001; If the debtor does not comply with the statutory demand, after the expiry of the 21 day compliance period, file an application for winding up in the Federal Court of Australia or any of the state Supreme Courts.  As part of the winding up application, we can consent to act as liquidator, should the Court order the debtor be wound up.Please contact us for general advice in relation to any of these steps, or for referral to competent and experienced lawyers who can act for you.

VOLUNTARY
ADMINISTRATION

Many of the matters we accept result in the identification and pursuit of claims against the directors and related parties of the company in liquidation.  The more common claims arise through:the directors failing to prevent a company from incurring debts while it was insolvent;
directors applying the remaining cash in a failing company to their own benefit while ignoring the rights of creditors; phoenix transactions and disposition of assets at undervalue or by means designed to defeat creditors; breach of duty by directors; and voidable/unfair preference payments.Creditors may derive a benefit by assisting us to pursue these claims.  Please see our Debt Recovery page for more information.

DEED OF COMPANY ARRANGEMENTS

If you are a secured creditor with either: a mortgage over real property of a corporate debtor; a general security interest (registered on the Personal Property Securities Register) over all of the property of a corporate debtor; or a registered security interest over specified property of the debtor,and you're seeking advice with regard to enforcement of your rights, please contact us for a confidential discussion.  We are able to accept appointments as receiver, receiver and manager or agent for the mortgagee in possession, as appropriate to the circumstances of the matter.

LIQUIDATION &
RECEIVERSHIP

If you are a secured creditor with either:a mortgage over real property of a corporate debtor; a general security interest (registered on the Personal Property Securities Register) over all of the property of a corporate debtor; or a registered security interest over specified property of the debtor,and you're seeking advice with regard to enforcement of your rights, please contact us for a confidential discussion.  We are able to accept appointments as receiver, receiver and manager or agent for the mortgagee in possession, as appropriate to the circumstances of the matter.

BUSINESS TURNOVER

If you are a secured creditor with either:a mortgage over real property of a corporate debtor; a general security interest (registered on the Personal Property Securities Register) over all of the property of a corporate debtor; or a registered security interest over specified property of the debtor,and you're seeking advice with regard to enforcement of your rights, please contact us for a confidential discussion.  We are able to accept appointments as receiver, receiver and manager or agent for the mortgagee in possession, as appropriate to the circumstances of the matter.

LITIGATION SUPPORT

If you are a secured creditor with either: a mortgage over real property of a corporate debtor; a general security interest (registered on the Personal Property Securities Register) over all of the property of a corporate debtor; or a registered security interest over specified property of the debtor,and you're seeking advice with regard to enforcement of your rights, please contact us for a confidential discussion.  We are able to accept appointments as receiver, receiver and manager or agent for the mortgagee in possession, as appropriate to the circumstances of the matter.

See The Difference!

Don't give up! We're here to assist you!

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