Whether you are trading as a sole trader, through a company or a trust – there are options available to deal with your debt issues.
There are a number of reasons why businesses get themselves into financial difficulty. It can be from poor economic conditions, adverse legal action, ATO debt issues or problems with suppliers. Whether you need assistance in reaching an arrangement with your creditors, help with winding down your business, or assistance with bankruptcy, administration or liquidation, we can guide you through the process.
Navigating the right path can be stressful - call us today to discuss your options.
Business debt issues can be complicated and there is no one right answer to deal with all business debt issues. The options available to you will change depending on several factors, including:
There are options available to help you. There are also mechanisms to make sure legal action against your business stops and that employees get paid their outstanding entitlements through a government scheme even if the business does not have the money to pay them.
A number of the common questions we are asked about business insolvency are addressed in our FAQ section, however if you’re struggling with business debt, the best thing to do it to give us a call and let’s confidentially discuss the right solution for your specific situation.
There are no limits at Worrells. We are dedicated to helping you at every step of the way to financial freedom. We handle everything for you (all the paperwork!) and you can call us any time to ask a question. We are always happy to answer your call.
"My experience working with Worrells has been nothing short of amazing. I found myself in a hole after some poor decisions in the financial markets lead to a large unpaid loan hanging over my head for a number of years. I was extremely stressed out and struggling to pay the interest on this loan while also keeping a roof over my head.
So, I reached out to Worrells, and from the moment they picked up the phone they have made my life a lot easier, I could tell that from the beginning they were empathetic to my situation and that they genuinely wanted to help. We had an open and honest conversation about my background and my current financial situation and came up with a plan so that I could move forward, debt free.
What really sets Worrells apart is the follow up work they do once the plan has been set in place, checking in the see how things are going and always happy to answer any questions on the intricacies and legalities of Bankruptcy / insolvency with an infectious upbeat attitude.
So, if you are in a similar situation, I can’t recommend Worrells enough, they have the knowledge, the experience and they are somebody who care about people and want to help them. I owe Worrells a lot for the amazing work they have done, and I will soon be in a healthier financial position because of them."