Corporate Insolvency Advice
At WAIS, we provide expert advice and solutions to directors of distressed and insolvent companies.
We specialise in a number of corporate insolvency procedures including:
Our team comprises registered liquidators of the Federal Court and the Supreme Court of Western Australia and is highly experienced in providing formal corporate insolvency services.
What are the warning signs?
We can help identify the warning signs that your company may become insolvent. Some of these signs include:
- Cash-flow issues
- Creditor payment extension terms
- Refinancing to pay bills
- Solicitors’ letters, demands, summonses, judgements or warrants issued against the company
It is an offence for a company to continue operating and incurring more debt if insolvent and company shareholders and directors may also be held personally liable for unpaid debts incurred from the time the business became insolvent.
Therefore, professional advice and assistance is critical, especially as with the right strategy, it may be possible to salvage the financial situation and the company.
We work closely with our clients to achieve a fair result and pride ourselves on protecting them as we guide them through the process, safeguarding them from any harsh or unfair treatment.